Vodafone looks to increase bid for Kabel Deutschland
Vodafone has reportedly upped the stakes in the battle to acquire Kabel Deutschland and is discussing a $10 billion bid for the German cable operator.
According to sources, Vodafone is in a better position than its rival Liberty Global to secure the deal, after it raised its all cash offer. Vodafone’s bid is also likely not to face antitrust issues.
Liberty Global made a rivaling offer to acquire the German cable firm earlier this week, at approximately €85 per share.
Vodafone is now reportedly planning to make a bid of approximately €86 per share, a separate source told Reuters, in an effort to see of advances from Liberty Global.
The UK-based operator is looking to acquire Kabel Deutschland as part of a move to offer converged cable, television, fixed-line and broadband services.
Liberty Global, the US group, is looking for increased consolidation in a high performing market, but it is likely German regulators will look to block the deal because of competition.