Vodafone buys $ 21.8 billion worth of assets for Liberty

Vodafone has agreed to pay $ 21.8 billion to buy Liberty Global's assets in Germany, the Czech Republic, Hungary and Romania, boosting its competitiveness with wider broadband, broadband and mobile TV services.
Vodafone, the world's second-largest mobile operator, has held frequent talks with John Malone's Liberty in recent years in a bid to expand its services and boost its competition in Europe with former monopolists such as Deutsche Telekom.
Vodafone will reach 54 million homes with its fiber optic cable network and will be able to sell a range of services to these customers while reducing costs.
The deal, one of Vodafone's biggest, follows a similar move in Spain in which Eno bought the cable and aims to help the group meet customers' demand for a single bundle of high-speed telecommunications services.
"Vodafone will become the leader in NGN in Europe, providing services to the largest number of mobile and family customers in the EU," Vodafone CEO Vittorio Colao said.
Vodafone said the merger of the two companies would save about 535 million euros a year before merger costs by the fifth year after the deal.

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