Vodafone bids $10.1 billion for Germany's top cable operator
If it closes the deal, Vodafone would be able to offer its mobile services to Kabel's 8.5 million subscribers in 13 out of Germany's 16 states. In addition, with its mobile revenue crimped by the European economy, the company needs to find other ways to garner top-line growth.
Once a formal bid is presented to Kabel, the latter's stock holders will have four to ten weeks to tender their shares to Vodafone. The cable firm's management will have two weeks to decide whether or not to recommend the deal to holders.