Deals
Deutsche Telekom Is Said Near Deal for Liberty Global Austria
- Talks advanced for $2-billion deal giving carrier fixed assets
- Liberty seeking to tidy footprint for broader Vodafone deal
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Deutsche Telekom AG is in advanced talks to acquire Liberty Global Plc’s Austrian business for roughly $2 billion, according to people familiar with the matter.
An agreement could be announced in the coming days, said the people, who asked not to be identified as the talks are private. A deal would give the former phone monopoly a fixed footprint in a key market where its business is limited to wireless, while helping pave the way for cable billionaire John Malone’s European media company to pursue a potential tie-up with Vodafone Group Plc, the people said.