The European telecoms market could be about to undergo a major shakeup after Vodafone has confirmed it is in talks with Germany’s largest cable operator, Kabel Deutschland to buy the company.
Vodafone is already the world’s second biggest mobile operator with 32 million customers in Germany, making it the most popular mobile operator in the country.
In a deal which is speculated to be worth £8.5bn, if it goes ahead, Vodafone will have instant access to the German company’s infrastructure, allowing it to take advantage of their internet, television and fixed-line services at a time when consumers are looking to buy all of their telecoms needs from one supplier.
Vodafone have released a brief statement saying “Vodafone notes the recent speculation regarding a potential offer for Kabel Deutschland and confirms that it has made a preliminary approach to KD regarding a possible offer for the company.
“There is no certainty that any offer will ultimately be made nor as to the terms on which any such offer might be made”.