Vittorio Colao says takeover of Virgin Media owner could be appealing for “right price”
Vodafone is looking at expanding its European cable network with CEO Vittorio Colao admitting to Bloomberg that the operator would be interested in buying Virgin Media owner Liberty Global.
Colao reportedly told Bloomberg that Vodafone, the second largest operator in the world, would look at buying Liberty Global but only “at the right price”.
Liberty completed a £15 billion takeover of Virgin Media last year and is the Europe’s biggest cable operator, with operations in 14 countries and had 2013 sales of around £8.9 billion.
Vodafone has been expanding its broadband footprint ever since the operator sold its 45 per cent stake in Verizon Wireless for £78.4 billion to Verizon Communications last year.
The operator beat Liberty to the £6.6 billion acquisition of Kabel Deutschland and has also bought Spanish operator Ono. Vodafone has also been linked with an unconfirmed interest in making a takeover bid for BSkyB.