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.
Liberty Global shares rose sharply yesterday on speculation that Vodafone could use cash freed up by its exit from Verizon Wireless to acquire the international cable giant.
Vodafone has launched an MVNO in partnership with UK retailer Sainsbury’s. The 50/50 joint venture, which will operate under the brand ‘Mobile by Sainsbury’s’ will launch later this summer, led my a management team of existing Vodafone and Sainsbury’s executives.
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.
Negotiations between international cable operator Liberty Global and cable, fibre and ADSL network operator Virgin Media appear to have been successful, as the former has announced that it has entered into an agreement to acquire Virgin Media for approximately $23.3bn.
International cable operator and media company Liberty Global is in talks with Virgin Media to buy out the UK-based cable operator and mobile service provider in a deal that could shake up the UK market.
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