Belfast Telegraph

No deal for Vodafone as talks with Liberty Global are terminated

By Damian Clarkson

Vodafone has announced that talks with cable firm Liberty Global over a potential asset swap have been terminated.

Back in June, the telecoms giant had entered discussions with Liberty regarding "a possible exchange of selected assets between the two companies".

There had even been speculation that the two were considering a merger that would have created a £100bn telecoms giant, but Vodafone dismissed such talk.

And now it appears that all the asset swap talks have come to nothing as well.

Vodafone said in a statement: "On June 5, 2015, Vodafone confirmed that it was in the early stages of discussions with Liberty Global regarding a possible exchange of selected assets between the two companies.

"Vodafone now announces that discussions with Liberty Global have terminated."

It is the latest development in a telecoms market which is in the midst of major changes as the big players try to shore up their positions.

Hutchison Whampoa, which owns Three, is now buying mobile operator O2 in a £10bn deal, while telecoms giant BT is acquiring EE for £12.5bn in a transaction which is expected to be completed next year.

There has been speculation about Vodafone's future since its $130bn (£78bn) sale of its 45% stake in US business Verizon Wireless to joint venture partner Verizon, which was completed last year.

Belfast Telegraph

Popular

From Belfast Telegraph