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Vodafone Group Plc Confirms Kabel Deutschland Holding AG Approach-Reuters


Wednesday, 12 Jun 2013 03:24am EDT 

Reuters reported that Vodafone Group Plc said on it had made an offer to buy Germany's biggest cable company Kabel Deutschland Holding AG. Vodafone has been pursuing a possible EUR10 billion ($13.3 billion) bid for the German cable operator since earlier this year, and hired Goldman Sachs to advise on options in February, sources told Reuters at the time. It would be Vodafone's biggest deal since it entered India in 2007 and mark a change in strategy for the group that has long has owned largely mobile operations in continental Europe and relied on renting broadband lines from competitors. 

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