Vodafone expected to announce acquisition of Liberty Global’s Unitymedia and Eastern European assets on 9 May - report
09 MAY 2018
The FTSE-100 telecoms group Vodafone [LON:VOD] is expected to announce on Wednesday, 9 May that it has agreed to acquire Liberty Global's [NASDAQ:LBTYA] German cable subsidiary Unitymedia and three of the UK-based cable media group’s eastern European businesses, the Financial Times reported. The newspaper cited people briefed on the deal for the information.
Liberty Global and Vodafone refused to comment, the item said.
The deal is worth GBP 18bn (EUR 20.55bn), according to the newspaper. Liberty Global's UK business Virgin Media is not included in the assets to be sold by Liberty, the report said, citing those briefed about the negotiations.
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