Vodafone to buy Germany's biggest cable operator for $10.1 billion

Every summer, the world's second biggest mobile provider likes to splash out on a broadband company to bolster its cellular offerings. Last year, for instance, Vodafone snapped up Cable & Wireless' British fiber-optic network for $1.6 billion -- but that's a bargain compared to the $10.1 billion it's just sealed for Germany's largest cable company, Kabel Deutschland. Unlike last year's deal, which concentrated on infrastructure, this move will see Vodafone entering the triple-play market, offering mobile, fixed-line and TV services. Anyone got a German dictionary to hand? We want to look up what "technofreaks" translates to.

Filed under: Cellphones, Wireless

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Via: Reuters