Kabel Deutschland abandons Tele Columbus appeal

Kabel Deutschland has abandoned its appeal against the German Federal Cartel Office, the Bundeskartellamt’s blocking of its acquisition of smaller cable operator Tele Columbus. According to Reuters, Kabel Deutschland took the decision because it does not want to be involved in a protracted legal battle following its acquisition by Vodafone. The acquisition of Tele Columbus […]

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 […]

Kabel Deutschland approves Vodafone takeover

Vodafone’s  €7.7 billion takeover offer for Kabel Deutschland has been accepted by the required 75% minimum of Kabel Deutschland shareholders, the firm confirmed. Despite reports this week that Vodafone was far short of securing the required support ahead of the September 11 offer deadline, Kabel Deutschland said in a statement last night that it had […]

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, […]

Vodafone urges Kabel Deutschland shareholders to accept deal

Vodafone has urged Kabel Deutschland subscribers to accept its €7.7 billion takeover offer, amid reports that the deal could fall short of its required 75% approval rate. In a statement this morning Vodafone reminded Kabel Deutschland shareholders that its takeover offer is due to expire on Wednesday September 11 at 24.00, and said that this […]

Vodafone looking to Italy for new investment opportunities

Vodafone could spend a substantial part of the money it will allocate to new investment following its exit from the Verizon Wireless joint venture in Italy, according to CEO Vittorio Colao. Colao told Il Corriere della Sera newspaper that he is ready to invest a substantial portion of the £6 billion (€7.1 billion) it has […]

Liberty Global shares rise on Vodafone acquisition speculation

Liberty Global shares rose sharply yesterday on speculation that Vodafone could use cash freed up by its exit from the Verizon Wireless joint venture in the US to acquire the international cable giant.  Liberty Global shares rose by almost 4% in late trading, peaking at US$79.14 (€59.58) a share before closing at US$78.59, after Macquarie […]

Vodafone launches its Kabel Deutschland takeover

Vodafone has started its public takeover of Kabel Deutschland after its €7.7 billion offer was approved by Germany’s Federal Financial Supervisory Authority. As of today, Vodafone said it had launched its  €87.00 per-share offer for the entire share capital of Kabel Deutschland – a premium of 51% Kabel Deutschland’s average share price during the three-month […]

John Malone admits defeat in Kabel Deutschland race

Liberty Global owner John Malone has admitted his company has lost the race to buy German cableco Kabel Deutschland to Vodafone. In June, Vodafone agreed a deal to buy the cable provider for €7.7 billion and Malone told Bloomberg that the telco had beaten it to a German deal. “Unfortunately the Vodafone guys have preempted […]

Spanish operators agree to share fibre

Telefónica, Vodafone and Orange have agreed a deal to share fibre optic infrastructure in buildings in Spain. The agreement sets out the types of buildings in which vertical infrastructures will be shared and the technical procedures to make it possible. Over time the three operators will specify the cities, areas and building in which they […]