LONDON – Mobile phone company Vodafone has approached Germany’s biggest cable operator about a possible takeover.
Vodafone said Wednesday It has had preliminary discussions with Kabel Deutschland, which has more than 8 million customers. However, it said there was “no certainty” that an offer will be made.
The move would signal a move into fixed-line TV and telephone services for the UK-based company.
Kabel Deutschland shares were up 9.9 per cent at 82.11 euros in afternoon Frankfurt trading. Vodafone shares in London were down 1.6 per cent at 182 pence.