Vodafone completes Kabel Deutschland takeover

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The £6.6 billion deal will bring Vodafone’s revenues in Germany to €11.5 billion (£9.8 billion)

Vodafone completed its acquisition of German cable company Kabel Deutschland today (October 14).

The £6.6 billion deal means that Vodafone now owns 76.57 per cent of the share capital of Kabel Deutschland, which is German’s largest cable, telephony and broadband provider.

The acquisition means Vodafone Germany will have 32.4 million mobile, 5 million broadband and 7.6 million TV customers.

It will bring Vodafone’s revenues in the country to €11.5 billion (£9.8 billion).

When the deal was originally announced in June (full story here) Vodafone said it “sees significant potential to accelerate the growth in Vodafone’s and Kabel Deutschland’s broadband, telephony and TV business by leveraging Vodafone’s leading brand and extensive distribution and by cross-selling to each company’s customer base.”

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