Vodafone to complete KDG purchase in October
July 16, 2013 10.16 Europe/London By Julian Clover
Kabel DeutschlandBritish mobile operator Vodafone is looking to complete its purchase of Kabel Deutschland by the time of the cablenet’s AGM in October.
The timetable, still dependent on approval from German and European competition authorities, comes amid what is perceived to be an uneventful anti-trust process.
A €7.7 billion offer from Vodafone was accepted by KDG in June.
It is anticipated Vodafone will submit its final offer for KDG before the end of July.
July 16, 2013 10.16 Europe/London By Julian Clover
Kabel DeutschlandBritish mobile operator Vodafone is looking to complete its purchase of Kabel Deutschland by the time of the cablenet’s AGM in October.
The timetable, still dependent on approval from German and European competition authorities, comes amid what is perceived to be an uneventful anti-trust process.
A €7.7 billion offer from Vodafone was accepted by KDG in June.
It is anticipated Vodafone will submit its final offer for KDG before the end of July.