Vodafone to buy Germany's biggest cable operator for $10.1 billion
Every summer, the world's second biggest mobile provider likes to splash out on a broadband company to bolster its cellular offerings. Last year, for instance, Vodafone snapped up Cable & Wireless' British fiber-optic network for $1.6 billion -- but that's a bargain compared to the $10.1 billion it's just sealed for Germany's largest cable company, Kabel Deutschland. Unlike last year's deal, which concentrated on infrastructure, this move will see Vodafone entering the triple-play market, offering mobile, fixed-line and TV services. Anyone got a German dictionary to hand? We want to look up what "technofreaks" translates to.
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Cable Germany Holding AG: obtaining the announcement of a takeover bid
Announcement according to § 15 German Securities Trading Act (WpHG)
The Fourth Vodafone mbH, a subsidiary of Vodafone Group Plc, has today announced its intention to acquire the cable Germany Holding AG. The proposed transaction rated cable Germany with EUR 87 per share, or an equity value of the company of around 7.7 billion euros. The transaction will be implemented through a voluntary public takeover offer of 84.50 euros per share in cash plus the payment of the proposed dividend from cable Germany for the financial year 2012/13 in the amount of 2.50 euros per share. Management Board and Supervisory Board of Cable Holding AG Germany welcome the announcement by Vodafone.
Vodafone and Cable Germany have an agreement in principle closed, are recorded in the specific intentions.
Cable Germany also published today its financial results for the fourth quarter and the entire financial year 2012 / 13th Originally, this was for 27 June 2013 provided.
