Vodafone confirms talks with Liberty Global

5 Feb 2018

British telecoms giant Vodafone Group has issued a statement confirming that it is in ‘early stage discussions’ with UK-based cable group Liberty Global regarding the potential acquisition of certain ‘overlapping continental European assets’ owned by the latter. The Financial Times cites people close to the talks as saying that the negotiations are focused on Liberty’s cable assets in Germany and across Eastern Europe – the two groups have overlapping footprints in Romania, Hungary and the Czech Republic. Vodafone and Liberty previously discussed a potential tie-up in 2015 but the talks reportedly collapsed as the parties failed to agree on valuations for certain assets. As noted by TeleGeography’s GlobalComms Database, however, the two groups successfully merged their Netherlands subsidiaries in 2016. In December that year the pair created 50:50 joint venture VodafoneZiggo, which utilises both the Ziggo and Vodafone brands.

Czech Republic, Germany, Hungary, Romania, United Kingdom, Liberty Global (incl. LGI), Unitymedia, UPC Ceska Republika, UPC Hungary (a unit of Vodafone), UPC Romania, Vodafone Czech Republic, Vodafone Germany, Vodafone Group, Vodafone Hungary, Vodafone Romania