Friday, 28 January 2022

Vodafone confirms Liberty Global European assets talks


LONDON: Vodafone Group opened discussions with Liberty Global on acquiring parts of the cable company’s European business, amid rumours the deal would form an asset swap similar to a proposal abandoned three years ago.

In a brief media statement, Vodafone Group said it was in: “Early stage discussions with Liberty Global regarding the potential acquisition of certain overlapping continental European assets owned by Liberty Global.”

“There is no certainty that any transaction will be agreed, nor as to the terms, timing or form of any transaction.” The company added it was not discussing a merger.

Most recently, in November 2017, the two were tipped to be preparing their European businesses for a potential tie-up.

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