Shares in Kabel Deutschland rise 4.7 percent in early trade on Fridayon news that Vodafone has secured enough shares in Germany's largestcable company for its 7.7 billion euro ($10.2 billion) offer to succeed.
"A combination of Vodafone and Kabel Deutschland should shake up Germany'stelecoms market quite a bit ... The stronger market position of a combinedcompany should more or less hit all DSL competitors and lead to a furtherconsolidation of DSL networks," LBBW analyst Stefan Borscheid says.
Vodafone's 87.00 euro per share offer for Kabel Deutschland, which includesa 2.50 euro dividend payment, ended on Sept. 11.
($1 = 0.7514 euros)
Reuters messaging rm://maria.sheahan.thomsonreuters.com@reuters.net
Vodafone (VOD)