Vodafone agrees EUR 18.4 bln takeover of Liberty Global assets in Germany, East Europe

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(Telecompaper) Vodafone Group has agreed to buy Liberty Global’s cable business in Germany, Hungary, Romania and Czech Republic for EUR 18.4 billion. The acquisition will help further its fixed-mobile strategy, allowing Vodafone to rival Deutsche Telekom for network coverage in Germany and start a converged strategy in the three eastern European countries, where it’s already active in the mobile market. 
Source: Industry News (syndicated from Telecompaper.com)

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