Vodafone squeezing out Kabel Deutschland minorities
Vodafone’s decade-old bid to take sole control of Kabel Deutschland appears to be nearing resolution, with the telco group initiating a squeeze-out of minority shareholders.
Vodafone’s decade-old bid to take sole control of Kabel Deutschland appears to be nearing resolution, with the telco group initiating a squeeze-out of minority shareholders.
Vodafone is planning to launch a TV service in Ireland in a bid to compete with UPC, Sky and Eircom, a report in the Independent.ie has claimed. According to the article, the operator has held discussions with several providers, including Sky, and is planning to begin trials of the service before the summer to fully launch by the end of the year
Cable CEOs debated the future of convergence between their own networks and mobile services at Cable Congress in Amsterdam this week. Leading executives said that cable operators are becoming mobile companies as consumption of content migrates to mobile.
Operator group Vodafone’s €7.7bn bid for German cable company Kabel Deutschland has been accepted by shareholders owning 75 per cent of the firm, the required minimum acceptance condition. The bid had already been approved by the cable firm’s board in June this year.
On September 2, 2013, Vodafone and Verizon announced that they had reached an agreement for Vodafone to sell its 45 per cent stake in Verizon Wireless back to Verizon for $130bn. Ovum believes that the deal is good for both parties, but that the decision to return 65 per cent of the proceeds from the sale back to shareholders is short-sighted. It may make Vodafone CEO Vittorio Colao popular, but we don’t believe that he will have enough left to future proof the business.
Vodafone put a price on the sale of its 45 per cent share in Verizon Wireless to Verizon in another short statement on Sunday, sizing the deal at $130bn (£83.4bn) in cash and common Verizon stock. While the firm described the talks as “advanced”, and despite reports on Sunday and Monday that the deal is all but done, a formal announcement has yet to be made.
Vodafone’s determination to buy Kabel Deutschland represents both an offensive and defensive strategy as it looks to strengthen its position in its leading European market.
Operator group Vodafone has had a €7.7bn bid for Kabel Deutschland approved by the German cable group’s board. The board will now recommend the firm’s shareholders accept the offer.
German fixed broadband and TV operator Kabel Deutschland has confirmed that it has received an acquisition approach from international cable provider Liberty Global. The move follows an offer from Vodafone last week. No details on the size of either offer have been made public and the prospect of a bidding war now looms.
Vodafone has confirmed that it is holding preliminary discussions about a possible acquisition of German cable group Kabel Deutschland. UK-based Vodafone stressed that there is “no certainty that any offer will ultimately be made nor as to the terms on which any such offer might be made”.
Smartphone makers need to tread carefully in their hunt for elusive growth opportunities this year. https://t.co/3X7jSL6cgT
31 March 2023 @ 09:24:44 UTC
US aerospace and defence giant Lockheed Martin has launched a new subsidiary to provide communications services on hhttps://t.co/xQNS2RxIRb
31 March 2023 @ 09:24:23 UTC
5G promises to unlock new business opportunities among enterprises for digital transformation. To monetize this eme hhttps://t.co/am60uhjLD4
31 March 2023 @ 05:40:47 UTC