LONDON (Alliance News) - Vodafone Group PLC is preparing to start spending the part of its USD130,000 windfall from the sale of its stake in Verizon Wireless that it isn't handing back to shareholders, the Daily Mail reported on Sunday.
The Daily Mail said reports suggest that Maroc Telecom, one of the largest phone companies in North Africa, could be on his shopping list and would cost in the region of GBP6 billion.
Vodafone is already well placed in Kenya in the east of the continent and is present in Ghana in the west, the Daily Mail said.
The tabloid said there also has been talk Vodafone might bid GBP12 billion for Liberty Europe Cable. But it said this would interfere with its acquisition of Germany's Kabel Deutschland.
By Tom Waite; thomaslwaite@alliancenews.com; @thomaslwaite
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