Vodafone has acquired the remaining 26.4 per cent of German fixed line provider Arcor for £377,715,747.
The purchase, from Deutsche Bahn and Deutsche Bank, gives Vodafone full ownership of Arcor. Arcor has 2.6 million lines, representing 14 per cent market share.
The transaction also enables Vodafone Germany to further tap into fixed-mobile integration and to participate more effectively in the continued rapid development of the German broadband market, which is growing at around 30 per cent a year.
Vodafone chief executive Arun Sarin said: “This deal is consistent with our total communications strategy.
“By taking full control of Arcor and aligning it more closely with Vodafone Germany we will leverage the greater scale this presents, and generate synergies and substantial time to market benefits within Europe’s largest telecommunications market.”