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It’s (almost) official! Vodafone buys Kabel Deutschland

It is finally official… pretty much.

In a story some football fans will feel resembles this summer’s interminable Gareth Bale transfer saga, Vodafone, the British telecoms giant, has paid $7.7 billion for 76.57 percent of Kabel Deutschland’s share capital, making it a much stronger rival to Deutsche Telekom.

All that remains now apparently is a “domination and profit and loss transfer agreement” – but reportedly this is pretty much a regional formality.

The takeover of the cable operator (Germany’s largest) will allow Vodafone to offer high-speed broadband without having to pay Deutsche Telekom. Concurrently, it will give Vodafone a stronger position in terms of IPTV.

Kabel Deutschland chairman (and former BSkyB CEO) Tony Ball is expected to resign today

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