Kabel Deutschland confirms Vodafone approach

VodafoneCable MSO Kabel Deutschland has issued a statement saying that it notes recent speculation regarding a potential offer for Kabel Deutschland Holding AG and confirms that it has received a preliminary approach by Vodafone Group PLC regarding a possible offer for the company.

“There is no certainty that any offer will ultimately be made nor as to the terms on which any such offer might be made,” says the company.

Vodafone issued its own statement confirming the approach couched in similar terms.

The global cellco reportedly put its acquisition plans on hold late February, while in April suggestions emerged that Liberty Global Inc was preparing its own takeover bid.

Earlier that month, the German cartel office blocked Kabel Deutschland’s attempt to take over fellow cabler Tele Columbus, citing competition concerns, which could also be an obstacle for Liberty Global’s plans.

You must be logged in to post a comment Login