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General

Liberty Global withdraws from T-Mobile bidding - report

Thursday 4 February 2016 | 12:52 CET | News
Liberty Global has withdrawn from the bidding for T-Mobile Netherlands, sources familiar with the matter told Dutch paper De Telegraaf. The parent company of Dutch cable operator Ziggo appeared to be the favourite in the takeover race, ahead of private equity groups Warburg Pincus and Apollo, the report said. However, Liberty Global appears to have opted instead to pair up with Vodafone, which recently announced the two are in talks for combining their Dutch operations in a joint venture. In November, Reuters reported that Apollo and Warburg Pincus offered EUR 2.5 billion plus a potential

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Categories: General
Companies: Deutsche Telekom / Liberty Global / T-Mobile Netherlands / Vodafone / Ziggo
Countries: Netherlands
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