Vodafone in talks with Liberty Global on asset swap

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    Billa Kumar

    Vodafone has confirmed it is in talks with cable company Liberty Global on an asset exchange.

    It has long-running speculation about Vodafone potentially merger with or purchase of Liberty Global – Europe’s largest cable network operator and the owner of the British Virgin Media.

    A report by Bloomberg on a tie-up on Thursday sent shares in both companies higher.

    But Vodafone said in a statement: “There is no certainty that any transaction will be agreed, nor is there certainty in relation to the assets ultimately be involved.”

    The shares of the mobile operator in early Friday trading fell after the statement.

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