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Vodafone could bid for Liberty Global after next year - CEO
2014-09-12 13:19:00| Telecompaper Headlines
(Telecompaper) Vodafone CEO Vittorio Colao told Bloomberg that he would consider acquiring cable giant Liberty Global if the price was right. Speaking at a Goldman Sachs presentation, Colao said Vodafone could consider a transformational M&A deal in the future. The mobile phone group has been increasing its fixed-service footprint, taking over Kabel Deutschland and more recently, Spanish cable operator Ono. Liberty Global is currently buying Ziggo in the Netherlands. Vodafone has been investing in wireline to add capacity as more consumers watch videos on tablets and smartphones. Colao said Vodafone would be in a stronger position to take part in M&A after it completes its EUR 19 billion Project Spring investment strategy through March 2016.
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Category:Telecommunications