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By Kate Holton LONDON (Reuters) - Vodafone has agreed to buy Spain's largest cable operator Ono for 7.2 billion euros ($10 billion), the latest hefty deal in a European telecoms sector starting to rebuild as the region recovers from a recession. The British group said on Monday it would use some of the $130 billion proceeds from the sale of its U.S. arm to acquire Ono, with a superfast cable network and 1.9 million customers, to create a stronger challenger to market leader Telefonica. The deal for private equity-owned Ono is Vodafone's third purchase of a European fixed-broadband asset in two years, following similar moves in Britain and Germany, enabling it to offer fixed-line and mobile services, pay-TV and broadband, while saving money on building and operating its networks. The agreement, which comes as the French market undergoes a similar transformation, could also spark more consolidation within Spain as players such as France's Orange seek out acquisitions to avoid falling behind.
By Ulf Laessing and Feras Bosalum TRIPOLI (Reuters) - U.S. special forces have seized a tanker that fled with a cargo of oil from a Libyan port controlled by anti-government rebels, halting their attempt to sell crude on the global market. Gunmen demanding regional autonomy and a share of oil wealth had managed to load the ship, which escaped Libya's navy and triggered a crisis that prompted parliament to sack the prime minister. A U.S. SEAL commando team boarded the tanker Morning Glory from a Naval special warfare rigid inflatable boat as it sat in international waters off Cyprus on Sunday night. The seizure was approved by U.S. President Barack Obama and requested by the Libyan and Cypriot governments, Pentagon Press Secretary John Kirby said.