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Author Topic: Vodafone makes 18bn swoop on Liberty Global cable networks  (Read 63 times)

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Offline Jay9

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Vodafone will pay 18.4bn (16.1bn) for cable networks in Germany and eastern Europe owned by US firm Liberty Global.

The deal will allow Vodafone to expand its mobile, TV and broadband services in Hungary, Romania and Czech Republic.

It will also create a stronger "quad play" competitor for Deutsche Telekom in Germany.

The long-expected deal with Liberty Global, which also owns Virgin Media, is Vodafone's biggest since its 112bn takeover of Mannesmann in 2000.

Vodafone said the transaction, which includes Unitymedia in Germany, would create a "converged national challenger" in the country.

Deutsche Telekom, which is Europe's biggest telecoms operator by revenue and owns T-Mobile, has strongly objected to the move.



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