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Vodafone moves to acquire stake in German telecoms market

Tuesday, June 25, 2013

UK based Vodafone has placed a bidding offer of €7.7 million for Germany cable company Kabel Deutschland.

Vodafone already holds a strong telecoms market in Germany, with the second largest customer base of 32.4 million customers in the country. 

The successful acquisition of Kabel Deutschland, would provide Vodafone with a customer base of 8 million TV viewers and 5 million broadband users. The buying of the cable and telecoms company would allow Vodafone to provide package deals containing television, broadband and telephone services all within one.

The bid faces competition from U.S. based cable giant Libery Global, who placed an offer last week, and may yet raise their bid to compete with Vodafone.

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