Vodafone Group Plc confirmed reports that it is in early stage discussions to acquire some of Liberty Global plc's overlapping continental European assets.
"There is no certainty that any transaction will be agreed, nor as to the terms, timing or form of any transaction," Vodafone said in a Feb. 2 statement.
The deal involves Liberty's cable assets in Germany and its holdings across Eastern Europe, the Financial Times reported Feb. 2, citing a person close to the talks. The report noted that those assets had an enterprise value of close to €14 billion before any premium was applied.
Vodafone maintained that there was no discussion regarding a combination of both companies.
