Germany’s biggest telecoms provider is plotting to foil Vodafone’s purchase of Liberty Global’s European cable operations
Germany’s biggest telecoms provider is plotting to foil Vodafone’s blockbuster purchase of Liberty Global’s European cable operations.
Hours after the British firm confirmed a £16billion deal, Deutsche Telekom boss Tim Hoettges, 55, told analysts he saw ‘no reason’ why it should be approved – the latest salvo in a war of words with Vodafone boss Vittorio Colao, after talks were revealed in February.
Deutsche, 32per cent-owned by the German government, is battling the British company for dominance in the broadband, mobile and pay-TV markets.
Colao said a deal would cement Vodafone as a champion of competition. It is expected to be vetted by regulators.
THIS IS MONEY’S FIVE OF THE BEST BROADBAND DEALS
Most watched Money videos