Mobile telecommunication giant Vodafone Plc has confirmed that there are, indeed, talks being held by the firm with Global Liberty Plc toward reaching a joint venture deal.
Vodafone said following recent media speculation to that effect, it is confirming that such discussions with Liberty Global Plc “regarding the creation of a joint venture in the Netherlands that would incorporate both companies’ local operating businesses” are taking place.
Vodafone Plc said Tuesday February 2, 2016 that the discussions are ongoing and do not extend beyond the creation of a joint venture in the Netherlands.
“There is no certainty as to when or whether any transaction will be agreed,” Vodafone added.
Liberty Global Plc is the largest international cable company with operations in 14 countries.
Its market-leading products are provided through next-generation networks and innovative technology platforms that connect 27 million customers subscribing to 57 million television, broadband internet, and telephony services as of September 30, 2015.
In addition, Liberty Global Plc serves five million mobile subscribers and offers WiFi services across six million access points.
Liberty Global’s consumer brands include Virgin Media, Ziggo, Unitymedia, Telenet, UPC, VTR, and Liberty Cablevision.
