Vodafone to pay $21.8 billion for Liberty assets to boost European presence

The world’s second-largest mobile operator struck a deal with U.S. cable pioneer John Malone’s Liberty after years of on-off talks to become a pan-European leader able to challenge the dominance of former monopolies such as Deutsche Telekom (DTEGn.DE).

The biggest German provider swiftly emphasized its previously stated opposition to the deal and Vodafone is likely to face a lengthy regulatory review in Brussels.

The companies have penciled in a mid-2019 completion date for a combination that also includes the Czech Republic, Hungary and Romania.

The deal puts Vodafone back on the front foot in its European heartlands, where it is battling to be one of the few players with the scale to provide the full range of entertainment and communications services that consumers want.

Source - MSN

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