Vodafone discusses bid for Kabel Deutschland
Vodafone has discussed a bid for Kabel Deutschland (KDG), Germany’s largest cable operator, amid signs that the consolidation of Europe’s fragmented cable sector is gaining momentum.
Vodafone’s senior management has been weighing up a potential bid for the German group, two people with knowledge of the situation said, they stressed the company had not made a decision or approached Munich-based KDG.
The revelation comes only days after Liberty Global further bolstered its role in the European cable market with the acquisition of UK-based Virgin Media. The US-based group cut its teeth as a European consolidator in Germany in 2011, when it bought Kabel BW and merged it with Unity Media, which it already owned. – (Copyright The Financial Times Limited 2013)