UPDATE 1-Vodafone agrees Telefonica Deutschland wholesale deal to ease Liberty merger [Reuters]
Telefonica SA (TEF)
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Source: Reuters
UPDATE 1-Vodafone agrees Telefonica Deutschland wholesale deal to ease Liberty merger - Reuters 2 Min Read (Adds details) LONDON, May 7 (Reuters) - Vodafone will give Telefonica Deutschland wholesale access to its high-speed broadband network to help secure approval for its acquisition of Liberty Global’s cable business in Germany and eastern Europe. Vodafone said Telefonica Deutschland would be able to market fixed-line broadband services over Vodafone and Liberty’s Unitymedia cable networks in Germany following the deal. The networks cover 23.7 million households. Telefonica Deutschland has nearly a quarter of the German mobile market, second to leader Deutsche Telekom and ahead of Vodafone, according to a 2018 estimate by VATM, which represents independent telecom firms. But it is a distant third in fixed-line broadband, with just 5.9 percent. Vodafone, the world’s No.2 mobile operator, agreed a year ago to buy Liberty’s cable networks in Germany and eastern European markets to cha
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TEF
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- 11/8/24 - Beat
TEF
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- 11/13/24 - Form 6-K
- 11/7/24 - Form 6-K
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- TEF's page on the SEC website