Vodafone network grows as it completes Liberty Global CEE acquisition
Vodafone Group has completed the acquisition of Liberty Global's operations in Germany and the Czech Republic, Hungary, and Romania (CEE) for a total enterprise value of €18.4bn (£16.77bn), it announced on Thursday.
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The FTSE 100 telecoms giant said that as a result, it was now “Europe's leading converged operator”, with 54 million cable and fibre households on its network, and a total “next-generation” network reach of 124 million homes and businesses.
Almost half of Vodafone's consumer European service revenues were now from fixed and converged services.
The news came one day after Vodafone completed the sale of its New Zealand operations to a joint venture of infrastructure firm Infratil and asset management giant Brookfield, for around £1.85bn.
“With the acquisition of Liberty's assets in Germany and CEE, we have completed our transformation into Europe's leading converged operator,” said Vodafone Group chief executive officer Nick Read.
“Not only have we reshaped our business, becoming the owner of the largest gigabit-capable next generation network infrastructure in the region, we are now able to play our part in realising the digital society for millions of customers.”