Vodafone reconsiders Kabel Deutschland
04 June 2013 |
Vodafone is reportedly reconsidering a potential acquisition of Kabel Deutschland.
In February this year, Germany’s Manager Magazin reported that Vodafone had compiled an acquisition plan for Kabel Deutschland.
Vodafone was also reported to have hired Goldman Sachs to advise on the deal, but plans were put on hold earlier this year.
This week, the Wall Street Journal Deustchland cited several people familiar with the matter as saying that the company was looking to make an offer, but this has not yet been confirmed.
Sources also said that it was not known when a decision would be made.
Vodafone owns several fixed-line assets in Europe, including Germany, but it only offers quad-play services with TV, fixed and mobile calls on superfast networks in Portugal.
According to Reuters, investors are concerned that an increase in the company’s quad-play drive could see Vodafone embark on a Europe-wide spending spree.
The company is thought to be looking at a €10 billion bid for Kabel Deutschland.
Both Vodafone Germany and Kabel Deutschland declined to comment.
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