Vodafone Mulls Bid for Kabel Deutschland and 3 Hot Stocks Changing Hands
Vodafone plc (NASDAQ:VOD): Current Price $26.72
UK-based Vodafone plc (NASDAQ:VOD) is said to be mulling a bid for German cable operator Kabel Deutschland, according to German publication Manager Magazin and reported by Reuters. Vodafone’s German operations head proposed the buyout plan to the senior management of Kabel Deutschland and the move represents Vodafone’s second foray into fixed line networks after its 2012 purchase of British fixed operator Cable and Wireless. Vodafone’s operations are predominantly mobile in continental Europe and analysts have suggested it acquire cable assets to keep up with the competition.