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Vodafone suspends plan to approach Kabel Deutschland-report

Wed, 27th Feb 2013 07:24

FRANKFURT, Feb 27 (Reuters) - Vodafone Group Plc has suspended plans to approach Kabel Deutschland Holding AG about a takeover bid, Bloomberg cited three peoplefamiliar with the matter as saying.

Vodafone had initially planned to contact Kabel Deutschlandafter the German cable company's earnings report last week, butmedia reports of a potential offer have complicated internaldiscussions, the newswire said on Wednesday.

Vodafone may still decide to make a bid at some point, itcited two of the sources as saying.

No-one at Vodafone could immediately be reached for comment.Kabel Deutschland declined comment.

Kabel Deutschland shares were indicated 6 percent lower inpremarket trades, according to data from brokerage Lang &Schwarz.

A source with direct knowledge of the matter told Reuterslast week that Vodafone hired Goldman Sachs to advise ona possible 10 billion euro ($13 billion) bid for KabelDeutschland, Germany's biggest cable operator. (Reporting by Ludwig Burger and Peter Maushagen; Editing byDavid Holmes)

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