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Germany: Vodafone secures $10bn Kabel Deutschland deal00:40

Germany: Vodafone secures $10bn Kabel Deutschland deal

Germany, Berlin
June 24, 2013 at 12:56 GMT +00:00 · Published

Germany: Vodafone secures $10bn Kabel Deutschland deal

UK group Vodafone has reached an agreement Monday to purchase the German cable operator Kabel Deutschland for $10bn (€7.7bn).

Kabel Deutschland shareholders will get €87 ($114) per share in cash, reported Vodafone, which the Kabel Deutschland board considered to be "attractive for shareholders". Vodafone will acquire the German company after beating a rival offer from John Malone's Liberty Global of €85 ($111) per share.

By buying Kabel Deutschland, Vodafone has also acquired a debt of €2.3bn ($3bn) and changes its market strategy, which was mainly focused on mobile phone services. This purchase brings Vodafone into the broadband and television market and enables its quadruple play, which also includes mobile and fixed telephony and internet.

Germany: Vodafone secures $10bn Kabel Deutschland deal00:40
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Germany: Vodafone secures $10bn Kabel Deutschland deal

UK group Vodafone has reached an agreement Monday to purchase the German cable operator Kabel Deutschland for $10bn (€7.7bn).

Kabel Deutschland shareholders will get €87 ($114) per share in cash, reported Vodafone, which the Kabel Deutschland board considered to be "attractive for shareholders". Vodafone will acquire the German company after beating a rival offer from John Malone's Liberty Global of €85 ($111) per share.

By buying Kabel Deutschland, Vodafone has also acquired a debt of €2.3bn ($3bn) and changes its market strategy, which was mainly focused on mobile phone services. This purchase brings Vodafone into the broadband and television market and enables its quadruple play, which also includes mobile and fixed telephony and internet.