Vodafone deal anger
GERMANY’s biggest telecoms provider is plotting to foil Vodafone’s blockbuster purchase of Liberty Global’s european cable operations.
Hours after the British firm confirmed a £16bn deal, Deutsche Telekom boss Tim Hoettges, 55, told analysts he saw ‘no reason’ why it should be approved – the latest salvo in a war of words with Vodafone boss Vittorio Colao, after talks were revealed in February.
Deutsche, 32pc-owned by the German government, is battling the British company for dominance in the broadband, mobile and pay-TV markets. Colao said a deal would cement Vodafone as a champion of competition. It is expected to be vetted by regulators.