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UPDATE 1-Vodafone CEO says open to Liberty Global deal -Bloomberg

Thu, 11th Sep 2014 15:07

(Changes slug, adds quote, background)

LONDON, Sept 11 (Reuters) - Vodafone's chiefexecutive Vittorio Colao said Europe's biggest cable groupLiberty Global could be a good fit for the mobileoperator "for the right price", according to a Bloomberg report.

Shares in Vodafone were down 1 percent at 203.05 pence by1459 GMT on Thursday, well below a session high of 206.45 pence,and traders attributed the fall to the reported comments.

Liberty's shares rose 3.4 percent to $43.55.

Vodafone declined to comment.

Vodafone has bought cable operators in Spain and Germany inthe past two years to beef up its mobile operations and respondto consumer demand for bundled offers of broadband, TV, as wellas fixed and mobile calling.

Owning fixed networks also allows Vodafone to carry itsusers' mobile traffic more cheaply and efficiently.

Liberty, which is owned by billionaire John Malone, hasgrown via a decade of acquisitions to encompass cable operationsin 12 European countries, including Germany, Britain, and theNetherlands. It has a market capitalisation of about $33billion, and had 2013 sales of $14.47 billion.

Vodafone's market capitalisation is roughly 53.98 billionpounds ($87.66 billion) with 2013 sales of 44.4 billion pounds.

(1 US dollar = 0.6158 British pound) (Reporting by Tricia Wright, Kate Holton and Francesco Canepa;Editing by Lionel Laurent and Mark Potter)

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