Monday, 18 December 2017

Liberty Global bows out of Kabel Deutschland race

By Nick Wood, Total Telecom
Wednesday 17 July 13

Chairman John Malone may tap southern Europe once economy shows signs of recovery.

Liberty Global chairman John Malone on Wednesday conceded defeat in the race to acquire Kabel Deutschland, leaving the path clear for Vodafone to take over the German cableco in a €7.7 billion deal. "Unfortunately the Vodafone guys have pre-empted us in trying to consolidate the rest of Germany," said Malone, in a report by Bloomberg. &quot…

Liberty Global chairman John Malone on Wednesday conceded defeat in the race to acquire Kabel Deutschland, leaving the path clear for Vodafone to take over the German cableco in a €7.7 billion deal. "Unfortunately the Vodafone guys have pre-empted us in trying to consolidate the rest of Germany," said Malone, in a report by Bloomberg. &quot…

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