Vodafone eyes Germany's largest cableco
Vodafone is eyeing a takeover of Kabel Deutschland Holding, Germany’s biggest cableco, but is holding off on starting talks until the latter reveals 2012 results later this week.
The UK-headquartered carrier is seeking to boost its fixed line assets to improve its options for mobile data traffic offload. Kabel Deutschland already supplies eight million German homes with TV, Internet and mobile phone services, Bloomberg reports.
Kabel Deutschland is due to announce its full year 2012 results on February 20. The cableco has a market value of €6.1 billion, and had debts of €7.8 billion at end-September, the Bloomberg states.
The rumor comes a week after US cableco Liberty Global shored up its European presence with a deal to acquire UK-based Virgin Media for around €11.6 billion.