Vodafone Group Plc (ADR) (NASDAQ: VOD) announced on Monday that it has agreed to acquire, Germany’s leading cable operator Kabel Deutschland in deal valued at 7.7 billion euro (approximately $10 billion). The move will allow Vodafone to expand its traction in TV and fixed-line business at time when competition is intensifying in these businesses across Europe. The acquisition will help Vodafone to expand its customers’ base for its cellphone and broadband services in Germany.
Continue reading Vodafone Enters into Euro 7.7 billion Acquisition Deal with Kabel Deutschland (VOD)