Reuters: Vodafone considers Liberty Global acquisition

Newsroom 02/12/2014 | 13:27

Vodafone is reviewing potential acquisitions, including of Europe’s leading cable operator Liberty Global, to counter the pending consolidation among rivals in Britain, five people close to the matter said, writes Reuters. In Romania, UPC Romania is the representing branch of Liberty Global. 

“The internal deliberations at the world’s second-biggest mobile operator, have picked up pace in recent days after broadband leader BT Group revealed it was in parallel talks to buy either EE or Telefonica’s 02. If concluded, BT’s foray into mobile is expected to tilt the market toward selling more all-included bundles of fixed and mobile services. That makes it more important for historically mobile-only companies such as Vodafone, EE, 02 and Hutchison’s 3 to have their own fixed networks or be condemned to being simple resellers of BT’s fiber,” according to the Reuters piece.

According to Reuters, Liberty Global is attractive because of its cable networks capable of carrying very high-speed broadband traffic to homes and business in nearly a dozen European countries.

In Romania, Liberty Global has a presence via UPC Romania, which posted USD 111.9 million after the first nine months of the year.

In the third quarter, UPC Romania revenues increased 8.6 percent,  from USD 34.7 million in July – September 2013 to USD 37.7 million in the same interval in 2014, according to a report from Liberty Global, the American group that controls UPC Romania.

UPC’s client portfolio increased in the first nine months of 2014, from 1.160 million clients in September 2013 to 1.165 million clients in September 2014.

Otilia Haraga

 

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