Vodafone eyes European asset buy from Liberty Global

"Vodafone confirms that it is in early stage discussions with Liberty Global regarding the potential acquisition of certain
"Vodafone confirms that it is in early stage discussions with Liberty Global regarding the potential acquisition of certain overlapping continental European assets owned by Liberty Global," said a statement

British mobile phone giant Vodafone on Friday said it is in talks to buy European assets of US peer Liberty Global, dismissing reports the pair are planning a full merger.

"Vodafone confirms that it is in early stage discussions with Liberty Global regarding the potential acquisition of certain overlapping continental European assets owned by Liberty Global," said a statement.

"There is no certainty that any transaction will be agreed, nor as to the terms, timing or form of any transaction."

The brief statement added: "Vodafone is not in discussion with Liberty Global regarding a combination of both companies."

The announcement comes one day after Vodafone announced a drop in its revenue during its third quarter—sending the company's share price sliding 4.5 percent.

The group closed up 2.4 percent on Friday at 219.5 pence on London's benchmark FTSE 100 index, which lost 0.6 percent overall.


Explore further

Vodafone's Indian telecom unit merges with local company

© 2018 AFP

Citation: Vodafone eyes European asset buy from Liberty Global (2018, February 2) retrieved 23 September 2019 from https://phys.org/news/2018-02-vodafone-early-liberty-global-assets.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
9 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more