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Vodafone Group in talks to buy Kabel Deutschland

Staff writer |
Vodafone Group confirmed that it has made a preliminary approach to Kabel Deutschland regarding a possible offer for the company.

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There is no certainty that any offer will ultimately be made. German company is worth at approximately $9.5 billion and tt would help Vodafone Group expand in the broadband and television market.

Kabel Deutschland shares jumped more than 10 percent after Vodafone, the world's confirmed the preliminary approach in a statement on the website.

If Vodafone buys Germany's biggest cable provider, with 8.5 million connected households, it would add fixed-line services to its mobile offerings. Kabel Deutschland shares have risen 27 percent since Vodafone's interest first surfaced four months ago.

The telecommunications industry has been involved in $83.8 billion in transactions this year.

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