Connect to share and comment

Vodafone in 7.7-bn-euro bid for Kabel Deutschland

PlacardEnlarge
(Globalpost/GlobalPost)

British mobile phone giant Vodafone said Monday it plans to buy Kabel Deutschland, Germany's biggest cable operator for 7.7 billion euros ($10.1 billion).

The management and supervisory boards of Kabel Deutschland "welcome the transaction, (and) intend to recommend Kabel Deutschland shareholders accept the offer," Vodafone said in a statement.

spm/yad

http://www.globalpost.com/dispatch/news/afp/130624/vodafone-77-bn-euro-bid-kabel-deutschland-0