Vodafone interested in KDG - reports

1 Dec 2008

The German financial newspaper Handelsblatt reports that Vodafone Germany is eyeing up a EUR2.8 billion (USD3.6 billion) takeover of Kabel Deutschland (KDG) as it seeks to compete more effectively with Deutsche Telekom. Vodafone has so far failed to comment on the report. ‘We constantly look at the entire market,’ said a spokesperson for the British-based giant. Meanwhile KDG refused to dampen speculation. ‘Cable is now a serious competitor for the traditional telecom companies. The fact that telecom companies now acquire cable infrastructure, underlines the attractiveness of that infrastructure,’ said Torsten Winkler, a KDG supervisory board member and director of Providence, an investment firm and a major shareholder in KDG.

Germany, Kabel Deutschland, Vodafone Germany (old)