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EU: Vodafone edges closer to $13B telecoms buyout

By  |  February 19, 2013
EU: Vodafone edges closer to $13B telecoms buyout

Telecoms giant Vodafone has reportedly hired Goldman Sachs to advise the company as it looks into buying Germany’s Kabel Deutschland for more than $13 billion. The move suggests Vodafone is edging closer to making the deal a reality. According to reports, if the deal were to succeed it would “transform” Germany’s telecoms market and would mark Vodafone’s largest deal since 2007. Competition authorities would need to approve of the deal, but the transaction would put Vodafone in a powerful position in the European market.

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    Full Content: Reuters

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