Vodafone is discussing a 7.6 billion euros (6 billion pounds) cash bid with Germany’s No. 1 cable operator Kabel Deutschland (KD8Gn.DE) and is confident its offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with its thinking said on Wednesday.
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Liberty Global, which owns Unity Media, Germany’s No. 2 cable operator, made an 85-euro-a-share offer on Tuesday last week, two people familiar with the matter said, just days after sources said Vodafone had offered 81-82 euros a share or 7.2 billion euros in cash.
Vodafone is now mulling an offer of about 85-86 euros a share, or at least 7.5 billion euros, a separate source close to the company told Reuters on Wednesday. Vodafone and Kabel Deutschland declined to comment. The British mobile operator had considered raising its initial offer before Liberty Global joined the bidding race, one source close to the matter said last week.
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