Vodafone considering takeover of Kabel Deutschland: report

UK operator Vodafone is considering an acquisition of German cable company Kabel Deutschland, according to German publication manager magazin.

Both companies refused to comment on the speculation, but manager magazin claims that Jens Schulte-Bockum, the chief executive of Vodafone Deutschland, and Warren Finegold, the group strategy and business development director for Vodafone (Newbury, UK), have already put a business plan for the takeover in front of Vittorio Colao, Vodafone’s chief executive.

They also suggest that Colao is in favour of the acquisition.

UK operator Vodafone is considering an acquisition of German cable company Kabel Deutschland, according to German publication manager magazin.

Both companies refused to comment on the speculation, but manager magazin claims that Jens Schulte-Bockum, the chief executive of Vodafone Deutschland, and Warren Finegold, the group strategy and business development director for Vodafone (Newbury, UK), have already put a business plan for the takeover in front of Vittorio Colao, Vodafone’s chief executive.

They also suggest that Colao is in favour of the acquisition.

Without citing any sources, the publication says that Vodafone Deutschland previously looked at buying Kabel Deutschland (Unterfoehring, Germany) in 2008 but decided a purchase would prove too costly.