Vodafone is addressing that they are having an agreement with Liberty Global regarding a probable swap of some of each assets. The most evident is the BT/Sky's chief rival, Virgin Media, which Liberty Global had brought in 2013 for £15 billion.
The settlements are being discussed between Vodafone and Liberty Global over an impending exchange of their assets, which ranges rumors that the company might look forward to purchase Virgin Media to take on an expanding rate of the UK communications arena.
TechRadar informed that the deal became clamorous when shares of Vodafone incremented, helping the company stock grasp its finest price throughout the year prior to dropping again after a minute.
USwitch stated that John Malone, Chairman of the Board on Liberty Global is assertive in saying, "Vodafone would be a great fit with his cable business within the region." He acknowledged that there's a very considerable teamwork if both companies will collaborate resources. At the time that Virgin Media arranges up to 152Mb fixed-line broadband, telecommunications and pay-TV, Vodafone is a mobile operator acquiring significant rich assets. As of now, Virgin Media is conquering the mobile industry in a form of SIM, while Vodafone is packed up to take over the fixed-line and connected TV cartel this year.
By this time, the deal is investing a lot of tension on other providers to broaden their contributions as well. Through combining Virgin Media and Vodafone's resources, the companies may likely conformed with BT as their common competitor tries to bend over £12.5 billion procurement of EE, a 4G operator. Mr Malone proposed that Vodafone and Virgin Media should have the same goal with bilateral assistance in the Netherlands, Germany and UK in particular.
Liberty Global dominates cable services in the majority of European countries, while Vodafone has global networks. Despite of the non-stop negotiations going on, it is still unidentified which of the assets are to be interchanged.
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