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Vodafone(s vod) has finally completed the transaction part of its takeover of Kabel Deutschland.
All that remains now is a German formality known as a “domination and profit and loss transfer agreement” – but Voda now owns 76.57 percent of Kabel’s share capital, for which it paid €5.7 billion ($7.7 billion). The deal is all but done.
The takeover of Germany’s largest cable operator will allow Vodafone to offer high-speed broadband without needing to pay rival Deutsche Telekom for using its infrastructure. It will also give Vodafone a stronger hand in the IPTV game.
Expect more of these European cable takeovers in the coming year, what with Vodafone about to rake in $130 billion as a result of Verizon’s(s vz) buyout of Vodafone’s share in Verizon Wireless.