Seeking Alpha

Vodafone (VOD) has reached a preliminary deal to acquire Kabel Deutschland for €7.7B...

Vodafone (VOD) has reached a preliminary deal to acquire Kabel Deutschland for €7.7B ($10.1B), or €87/share, Bloomberg reports. The price tag, which rises to €10.7B after factoring in Kabel's debt, represents a 2% premium from the €85/share both Vodafone and Liberty Global (LBTYA) were previously reported to have bid for the German cable provider, which claims 8.5M connected homes and 15M passed homes.
Comments (2)
  • Esekla
    , contributor
    Comments (3573) | Send Message
     
    The strategy makes sense, I'm not sure whether or not the price tag does.
    23 Jun 2013, 03:19 PM Reply Like
  • bjamesh
    , contributor
    Comments (128) | Send Message
     
    What's that work out to? Looks like about $1,650 per subscriber.
    23 Jun 2013, 03:43 PM Reply Like
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