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Vodafone Announces Bid For Germany's Biggest Cable Company

NPR
Wednesday, June 12, 2013

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

Vodafone is trying to buy Kabel Deutschland. The reported offer of more than $13 billion marks a major change in strategy for Vodafone. Up until now it has focused almost entirely on the mobile phone market.

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with telecom tactics.

British telecom giant Vodafone has announced it's making a bid to buy Kabel Deutschland - Germany's biggest cable company. The reported offer of over 13 billion dollars marks a major change in strategy for Vodafone. Up until now, it has focused almost entirely on the mobile phone market. Transcript provided by NPR, Copyright NPR.

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