John Malone concedes Kabel Deutschland chase over

Liberty Global owner John Malone has admitted his company has lost the race to buy German cableco Kabel Deutschland to Vodafone. In June, Vodafone agreed a deal to buy the cable provider for €7.7 billion (US$10 billion) and Malone told Bloomberg that the telco had beaten it to a German deal. “Unfortunately the Vodafone guys […]

Analysts cool on Vodafone’s ‘risky’ Kabel Deutschland deal

Moody’s has said that the benefits to Vodafone of acquiring Kabel Deutschland could be outweighed by the associated financial risks. UK telco Vodafone beat Liberty Global to German MSO KDG in a €7.7 billion (US$10.1 billion) deal announced earlier this week. The agreement still needs clearance from the European Commission, but is expected to close […]

Vodafone agrees €7.7bn Kabel Deutschland deal

Vodafone has agreed to buy German cable TV provider Kabel Deutschland in a €7.7 billion (US$10.1 billion) deal. The deal will establish the UK-based mobile operator as a leading triple-play cable provider in Germany – offering TV, broadband, mobile and fixed-line phone services. Vodafone is due to pay €87 per share, an increase of 37% […]

Liberty Global moves for Germany’s KDG

Kabel Deutschland (KDG) has confirmed that it has received a counter-offer from Liberty Global following Vodafone’s bid to acquire the cable operator. KDG said it had received a “preliminary proposal” from Liberty Global, with no certainty at this stage that a transaction would result or what the termwould be. According to the UK Financial Times, […]

Numericable ‘set to go public’

French cable operator Numericable has hired Rothschild to advise it on a public flotation, according to French press reports. Financial daily Les Echos reported that the cable operator plans to launch its IPO this year, citing four sources close to the matter. According to the paper, the decision to float the company follows the failure […]

Vodafone confirms Kabel Deutschland takeover plan

Telecoms giant Vodafone has confirmed that it has made a preliminary approach to Kabel Deutschland “regarding a potential offer” for the company. In a statement, UK-based Vodafone said that there “is no certainty that any offer will ultimately be made, nor as to the terms on which any such offer might be made.” However, the […]

Kabel Deutschland shares spike on Liberty rumour

Shares in Kabel Deutschland rose sharply yesterday on reports that Liberty Global may be preparing a bid for the leading German cable operator. According to business title Manager Magazin, Liberty Global aims to pre-empt Vodafone, which has reportedly been interested in acquiring the operator. While a bid for KDG would attract the attention of the […]

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