Vodafone will acquire Spanish internet service providerfrom Deutsche Telekon for 400 million euros (US$543.56 million), according to reports. was created by Fon founder and internet entrepreneur Martin Varsavsky in 1999 before being sold to the T-Mobile parent for 550 million euros (US$747 million) in 2000. Deutsche Telekom put the company up for sale earlier this year, attracting interest from France Telecom, Orange, Telecom Italia and Jazztel, its original majority-owner.
could help Vodafone develop a fixed-line broadband and telecoms strategy in Spain; with over 400,000 users the service is the fourth-largest broadband provider in the country. It is also amongst its largest portal plays, with some 20 sub-sites in , , , , , , , , and .