Fresh off reports that Vodafone had made an offer to buy Spain's largest cable operator, CEO Vittorio Colao told CNBC on Monday that while he couldn't confirm specific details, his company plans to look for more ways to become an even bigger global telecom powerhouse.
"If other opportunities arise to create a bigger—I would say the Unilever of telecom—a big company that has fixed mobile and possibly entertainment and enterprise services, then of course we'll go after them," Colao said on "Squawk on the Street." "I'm not confirming anything specifically, but I am not excluding the fact that we might be looking at a number of places in emerging markets and in mature markets and consolidation opportunities."
Vodafone ranks as the world's second largest mobile operator.
(Read more: Vodafone sees signs of recovery after another torrid quarter)
The deal with Spanish cable company Ono was reported by Reuters on Monday morning, based on anonymous sources and just before Colao appeared on CNBC. Colao's comments come a few weeks before the British telecom company is to finalize the sale of its stake in U.S. wireless carrier Verizon Communications. That deal is expected to close at the end of February.