Telecoms giant Vodafone and US cable provider Liberty Global have terminated talks over a much-anticipated deal.
Vodafone's share price has suffered a result of the news, down four per cent in early trading.
The two firms have been in discussions for months, but Vodafone has always insisted the pair were simply considering “a possible exchange of selected assets”. The
Liberty Global's chairman John Malone has in the past said Vodafone's European mobile networks would be “a great fit” with his company's own.
There had been rumours that the two were looking at a merger, which would have created a £100bn colossus.
However in a short statement issued this morning the British firm said talks had ended.
“On 5 June 2015, Vodafone Group confirmed that it was in the early stages of discussions with Liberty Global regarding a possible exchange of selected assets between the two companies,” it said. “Vodafone today announces that discussions with Liberty Global have terminated.”