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Vodafone Confirms Takeover Talks with Kabel Deutschland

Following several weeks of speculation, Vodafone has confirmed that it is mulling a takeover bid for the German landline operator, Kabel Deutschland.

Earlier this year, Vodafone was reportedly mulling a bid to buy Kabel Deutschland, but reportedly ruled it out following an alternative deal with Deutsche Telekom.

Any such bid is likely to value the company at around EUR10 billion (US$13 billion).

In a short statement, Vodafone Group said that it “notes the recent speculation regarding a potential offer for Kabel Deutschland Holding” and confirmed that it has made a preliminary approach regarding a possible offer for the company.

Kabel Deutschland’s network however only covers part of the country, so Vodafone could still need the deal with Deutsche Telekom if it wanted to offer nationwide coverage.

Kabel Deutschland was founded in January 1999 by Deutsche Telekom, after it was ordered to spin off its entire cable TV business as required by regulatory terms.

Vodafone has been seeking to bolster its landline operations following last years deal to buy Cable & Wireless Worldwide.

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