British telecoms giant Vodafone and Liberty Global, owner of cable firm Ziggo, have confirmed they are in talks about creating a joint venture in the Netherlands.
Vodafone said in a statement on Tuesday the focus is on a joint venture ‘that would incorporate both companies’ local operating businesses’.
‘The discussions are ongoing and do not extend beyond the creation of a joint venture in the Netherlands,’ the statement said. ‘There is no certainty as to when or whether any transaction will be agreed.’
An alliance between Ziggo and Vodafone would create a weighty opponent for former state monopoly KPN, the Financieele Dagblad points out. Vodafone is number two in the Dutch mobile phone market and Ziggo’s cable network covers 90% of the Netherlands. Ziggo is also active in telephony.
The paper said an alliance would put Vodafone out of the race to take over Deutsche Telekom’s Dutch subsidiary T-Mobile Nederland which is up for sale. T-Mobile is number three in the Dutch market.
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