Vodafone rumored to be eying BSkyB


The Daily Mail reports there are "growing rumors" Vodafone (VOD) will use part of its $130B Verizon Wireless windfall on a bid for British satellite TV/broadband services provider BSkyB (BSYBY). BSkyB's shares are currently up 2.5% in London; the company's market cap stands at $21.6B.

Vodafone, fresh off spending $14.2B to acquire German cable provider Kabel Deutschland, has made no secret of its goal to be only European carrier to offer both mobile and wireline services across the continent, via a mixture of acquisitions, investments, and partnerships. The company has said it will return 71% of its Verizon Wireless proceeds to shareholders, but that still leaves plenty of cash for M&A.

BSkyB has 10.4M subs, over 1/3 of which subscribe to a triple-play package of TV, broadband , and phone services.

While Vodafone is rumored to be mulling acquisitions, AT&T is widely rumored to be interested in buying Vodafone. Vodafone CEO Vittorio Colao has suggested he's open to an offer.

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