Spanish cable operator Ono last week dismissed market rumours that it faced liquidity problems, attributing market "noise" about its position to wider concerns about liquidity in the current financial climate. Jonathan Cumming, Ono's chief financial officer, said: "The management of Ono is confident with its liquidity position." Speaking to analysts on a conference call on Ono's 2007 results, Cumming said that the company expected to be operating cash-flow positive on a quarterly basis during 2008.
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