British telco Vodafone has confirmed that it is in talks to buys a tranche of European cable assets from Liberty Global. Vodafone had been linked to a previous move to acquire Liberty’s cable operations, which would position it as a triple- or quad-play operation with interests spanning TV, broadband, and telephony.
“Vodafone confirms that it is in early stage discussions with Liberty Global regarding the potential acquisition of certain overlapping continental European assets owned by Liberty Global,” the company said in a statement.
Vodafone already has cable interests, having acquired Kabel Deutschland in Germany in 2013 and Spanish cabler Ono in 2014.
In 2015, the mobile network operator entered talks with John Malone’s Liberty Global over a possible deal that would have seen the pair exchange assets thought to include Kabel Deutschland and Virgin Media in the U.K., which is owned by Liberty. After several months, discussions broke down over a disagreement on valuations.
Liberty has already offloaded its Austrian cabler, UPC, to T-Mobile Austria in recent months. Its latest talks with Vodafone do not include Britain’s Virgin Media but are focused on territories where the pair have overlapping assets, including in the Czech Republic and Hungary.
Vodafone would not elaborate on the timing of a possible deal with Liberty. “There is no certainty that any transaction will be agreed, nor as to the terms, timing or form of any transaction,” the telco said in its statement. “Vodafone is not in discussion with Liberty Global regarding a combination of both companies.”