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VOD Vodafone Group Plc

70.46
1.04 (1.50%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vodafone Group Plc LSE:VOD London Ordinary Share GB00BH4HKS39 ORD USD0.20 20/21
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.04 1.50% 70.46 70.63 70.66 70.72 69.70 69.96 81,312,607 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication 45.71B 11.84B 0.4372 1.62 19.13B

Vodafone Doesn't Rule Out Asset Exchange Talks with Liberty Global

11/11/2015 6:29pm

Dow Jones News


Vodafone (LSE:VOD)
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   By Nick Kostov in Barcelona and Simon Zekaria in London 
 

Vodafone Group PLC (VOD.LN) Chief Executive Vittorio Colao said on Wednesday he doesn't rule out the U.K. telecommunications provider re-starting talks with U.S. cable giant Liberty Global PLC (LBTYA) over a potential swap of assets.

"In life, never say never," said Mr. Colao, speaking at a telecoms, media and technology summit in Barcelona, when asked if Vodafone would re-visit negotiations with Liberty.

Mr. Colao said he would be ready to agree on a deal with Liberty Global if he thought it could provide value for the U.K. company, but added: "Today, that is not the case."

Liberty Global declined to comment.

In June, Vodafone said it launched talks with Liberty--a U.S.-based cable operator controlled by Chairman John Malone and focused on European markets--over an "exchange of selected assets," throwing the two European powerhouses back into the center of a frenzy of European television and communications deal-making.

Vodafone, based in Newbury, England, didn't provide details of the discussions.

Liberty Global, with headquarters in both Englewood, Colo., and London, operates in some of Europe's biggest markets, including Germany, the Netherlands and the U.K., where it owns cable group Virgin Media Inc. Most of Vodafone's profit and sales also come from the continent, with a focus on Germany, Italy and Spain.

In September, Vodafone said it ended talks with Liberty, without elaborating. Tuesday, Mr. Colao signaled the companies failed to agree on value.

Vodafone has previously ruled out discussions with Liberty over a full-blown merger.

 

Write to Nick Kostov at nick.kostov@wsj.com and Simon Zekaria at simon.zekaria@wsj.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

November 11, 2015 13:14 ET (18:14 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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