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Vodafone approaches German cable company about takeover bid; may signal move beyond mobile

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(Globalpost/GlobalPost)

LONDON - Mobile phone company Vodafone has approached Germany's biggest cable operator about a possible takeover.

Vodafone said Wednesday It has had preliminary discussions with Kabel Deutschland, which has more than 8 million customers. However, it said there was "no certainty" that an offer will be made.

The move would signal a move into fixed-line TV and telephone services for the UK-based company.

Kabel Deutschland shares were up 9.9 per cent at 82.11 euros in afternoon Frankfurt trading. Vodafone shares in London were down 1.6 per cent at 182 pence.

http://www.globalpost.com/dispatch/news/the-canadian-press/130612/vodafone-approaches-german-cable-company-about-takeover-bid-