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Liberty says Vodafone Dutch JV 'probably not' a template for more deals

Thu, 17th Nov 2016 14:08

By Harro Ten Wolde

BARCELONA, Nov 17 (Reuters) - Liberty Global's chief executive said the cable group's joint venture with mobileoperator Vodafone in the Netherlands did not signal moredeals between the two companies in Europe.

Asked at the Morgan Stanley Technology, Media and Telecomsconference whether the Dutch tie-up was a template for furtherdeals, Mike Fries said: "Hard to say, (but) I would probably saynot."

He said the two were not talking about anything else rightnow. "This was a unique situation," he said at the Barcelonaconference on Thursday.

"We were bigger then them in this market. So for us it was anet cash-out deal. It was a small market, (so) a good way to getto know each other."

Vodafone said on Wednesday regulators could look favourablyon more co-operation between the two companies as acounterbalance to former telecom incumbents. (Reporting by Harro Ten Wolde, Writing by Paul Sandle. Editingby Jane Merriman)

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