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Vodafone says has 76.48 pct of Kabel shares for $10 bln offer

Mon, 16th Sep 2013 12:11

FRANKFURT, Sept 16 (Reuters) - Vodafone has secured76.48 percent of shares in Kabel Deutschland for its7.7 billion euro ($10 billion)offer for Germany's largest cablecompany, Vodafone said on Monday.

Vodafone had already said on Thursday it had reached the 75percent minimum acceptance grade.

The British company, which this month agreed the sale of itsstake in U.S. operator Verizon Wireless for $130 billion, wantsto buy Kabel Deutschland to offer more television and fixed-lineservices in Germany, its largest European mobile market.

The deal still needs regulatory clearance from the EuropeanCommission, with the completion of a first review expected bySept. 20.

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