Tags: liberty | global | austrian | deutsche telekom

FT: Liberty Global in Talks to Sell Austrian Unit to Deutsche Telekom

Image: FT: Liberty Global in Talks to Sell Austrian Unit to Deutsche Telekom
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Thursday, 21 December 2017 03:43 PM

International cable company Liberty Global is in advanced talks to sell its Austrian unit UPC Austria to Deutsche Telekom in a deal worth about $2 billion, the Financial Times said on Thursday.

A deal could be reached in the coming days, the Times said.

UPC Austria generates sales of $342 million, the paper said, adding the deal would be part of a broader restructuring effort ahead of a possible new round of merger talks with Britain’s Vodafone.

A spokesman at Deutsche Telekom declined to comment on the report, while no one at Liberty Global was immediately available for comment.

Liberty Global and Vodafone have held talks in the past about combining forces as telecoms networks and services converge but have so far only announced a joint venture in the Netherlands.

© 2018 Thomson/Reuters. All rights reserved.

   
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International cable company Liberty Global is in advanced talks to sell its Austrian unit UPC Austria to Deutsche Telekom in a deal worth about $2 billion, the Financial Times said on Thursday.
liberty, global, austrian, deutsche telekom
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2017-43-21
Thursday, 21 December 2017 03:43 PM
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