Britain’s Vodafone Group is close to announcing a $23 billion cash deal to buy operations in four European countries from John Malone’s Liberty Global, according to people familiar with the matter.
Liberty Global, which is based outside Denver and registered in London, is planning to sell its businesses in Germany, Hungary, Romania and the Czech Republic to Vodafone, the people said. Vodafone is the world’s second-largest wireless carrier by subscribers.
The €19.2 billion deal would face a possibly lengthy European Union antitrust review, but if completed, would create one of the continent’s biggest telecommunications operators, selling the industry’s holy grail “quad-play” package: cable, internet, wireless and landline-phone service on a single bill.
Full Content: Wall Street Journal