Vodafone secures EC approval for Kabel Deutschland acquisition

Vodafone has secured European Commission approval for its takeover of Kabel Deutschland. The EC competition authority said at the end of last week that it had no objections to the takeover of Germany’s largest cable operator by the mobile telecoms giant. According to the Commission, which approved the acquisition without conditions, said the deal will […]

Vodafone still far short of Kabel Deutschland threshold as deadline looms

Vodafone still has a long way to go to secure sufficient shares in Kabel Deutschland for its offer to succeed ahead of today’s deadline. Vodafone had secured about 20% of the German cable operator’s shares by 15:30 yesterday, meaning it still has to acquire a further 55% today if its offer is to succeed. Vodafone, […]

Liberty Global unlikely to counter-bid for Kabel Deutschland

Liberty Global is unlikely to make a fresh counter-offer for Kabel Deutschland following Vodafone’s €7.7 billion bid, according to various press reports. According to Bloomberg, Liberty Global, which made an offer for the German cable operator last month, has recognised that its bid would face likely competition obstacles and also considers the Vodafone offer to […]

Liberty Global in counter-bid for Kabel Deutschland

Kabel Deutschland (KDG) has confirmed that it has received a counter-offer from Liberty Global following Vodafone’s bid to acquire the cable operator. KDG said it had received a “preliminary proposal” from Liberty Global, with no certainty at this stage that a transaction would result or what the term would be. According to the UK Financial […]

Kabel Deutschland shares jump on Liberty Global acquisition report

Shares in Kabel Deutschland (KDG) rose sharply Wednesday on reports that Liberty Global may be preparing a bid for the leading German cable operator. According to business title Manager Magazin, Liberty Global aims to pre-empt Vodafone, which has reportedly been interested in acquiring the operator. While a bid for KDG would attract the attention of […]

Kabel Deutschland challenging Tele Columbus ruling

Kabel Deutschland (KDG) is to challenge the German competition regulator’s decision to block its takeover of smaller German operator Tele Columbus. KDG has filed a complaint challenging the decision which has been passed to the Supreme Administrative Court of Düsseldorf. The competition regulator, the Bundeskartellamt, ruled that KDG’s proposed €618 million takeover of Tele Columbus […]

Vodafone reportedly puts KDG plan on ice

Vodafone has put on hold its plan to approach German cable operator Kabel Deutschland with an acquisition offer after news of the possible bid was leaked, according to Bloomberg, citing sources familiar with the matter. According to the report, the leaking of news of the potential offer complicated internal discussion, and a plan to contact […]

Vodafone to offer fixed line and TV services in new markets

Vodafone aims to launch new services including pay TV and broadband, CEO Vittorio Colao has said at the Mobile World Congress event in Barcelona. Speaking at the conference yesterday, Colao said that Vodafone would launch “unified services across Europe” and said he was looking at a number of potential acquisition targets. Colao’s comments give added […]

Kabel Deutschland to accelerate €300 million investment plan

German cable operator Kabel Deutschland (KDG) is to pull forward network investment plans of €300 million to be spent over the next two years in order to accelerate growth. The additional funds will be allocated to earlier than planned network upgrades for highs-peed internet video-on-demand and WiFi products, and the expansion of network capacity. The […]

KDG abandons acquisition of Tele Columbus as Cartel Office rejects concessions

The acquisition of Tele Columbus by Germany’s leading cable operator Kabel Deutschland (KDG) has been blocked by the Federal Cartel Office, the Bundeskartellamt. The regulator rejected KDG’s offer to sell off Tele Columbus networks in Berlin, Dresden and Cottbus to assuage its concerns that the combination would have an adverse impact on competition.   The […]