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In the midst of reports that it has agreed to acquire Spanish cable MSO ONO for €7.2 billion, Vodafone Group has announced that its indirect German subsidiary, Vodafone Vierte Verwaltungs AG, has registered a domination and profit and loss transfer agreement following the completion of the takeover of German cable operator Kabel Deutschland Holding AG on October 14th 2013.
The integration of Vodafone Germany and Kabel Deutschland will now begin from April 1st 2014.
According to Vodafone, the combination of Vodafone Germany and Kabel Deutschland creates a leading integrated communications operator, offering consumer and enterprise customers unified communications services. It means that Vodafone has more than 32 million mobile, approximately 5 million broadband and 7.6 million direct TV customers in Germany.