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Vodafone (VOD) buying Kabel Deutschland (KBDHY.OB) would be a sign its wireless-only strategy...

Vodafone (VOD) buying Kabel Deutschland (KBDHY.OB) would be a sign its wireless-only strategy "is under severe threat" from converged solutions, Bernstein says, implying VOD "may well need to acquire further, expensive, fixed-line assets," and would bode badly for Deutsche Telekom (DTEGF.PK). Firm thinks VOD could look to add wireline assets in Spain, Germany and Italy, but not Liberty Global's (LBTYA).
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