Vodafone Group announced that it 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 €18.4 billion.
Vodafone now becomes Europe’s leading converged operator with 54 million cable and fibre households ‘on-net’ and a total next-generation network reach of 124 million homes and businesses. Almost half of Vodafone’s consumer European service revenues now come from growing fixed and converged services.
Nick Read, CEO, Vodafone Group said, "With the acquisition of Liberty’s assets in Germany and CEE, we have completed our transformation into Europe’s leading converged operator. 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."