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General

Vodafone takes the lead in consolidation

Monday 17 June 2013 | 15:25 CET | Author: Tim Poulus | Market Commentary
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Vodafone has confirmed its long-rumoured interest in Kabel Deutschland. While no price was mentioned, KDG has a market capitalisation of EUR 6.6 billion, and a premium of 20-25 percent on that suggests a bid of at least EUR 8.5 billion would be required. KDG's share price has already shot up over the past 12 months from around EUR 40 to EUR 75, and the confirmation from Vodafone sent the price past EUR 80. According to the latest media reports, KDG has rejected a bid of EUR 81-82 from Vodafone. At the same time Vodafone's share price has fallen sharply, from around 195 pence to 180. KDG

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Categories: General
Companies: Deutsche Telekom / E-Plus / Fastweb / Kabel Deutschland / Liberty Global / Mobistar / Telefonica Deutschland / UPC Nederland / Vodafone / Ziggo
Countries: Germany
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