Saturday, 3 February 2018

UK-based telecoms giant Vodafone eyes European expansion with Liberty Global deal



Vodafone Group, the UK-based telecoms giant, has said it is in talks to buy some European assets owned by US cable company Liberty Global.

 
The firm said the discussions were at an "early stage" and there was "no certainty" the deal would go through.


The talks concern assets in markets where the firms overlap, including Germany, Czech Republic, and Hungary.


Vodafone emphasised that the talks were not about a merger with Liberty, which owns Virgin Media.


Vodafone, founded in the 1980s, operates in more than 30 countries and boasts more than 400 million customers globally.
The company has historically focused on cellular mobile phone services, but has more recently been expanding its fibre infrastructure, which supports faster internet and data downloading.


Liberty Global is an international television and broadband company that operates in more than 30 countries under names that include Virgin Media, and Telenet.


The company, run by billionaire John Malone, operates in 12 countries in Europe and also has a joint venture with Vodafone in the Netherlands.


The share prices in both companies increased after Vodafone's announcement.





BBC      News.