Vodafone has revealed it’s in talks with cable group Liberty Global today, confirming months of takeover rumours.
The telco giant is discussing the possibility of a joint venture with Liberty in the Netherlands that would bring together both firms’ assets in the country.
The firms had been talking about a potential merger of their European assets last year, but talks fell apart in September, sending Vodafone shares plummeting four per cent.
A merger of the two firms would have created a £100bn colossus.
Vodafone said in a statement that the renewed talks only extended to assets in the Netherlands, adding:
There is no certainty as to when or whether any transaction will be agreed.
Vodafone’s share price fell immediately on the news, dropping over 3.5 per cent to 223.50 from its intraday high of 231.75.