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Vodafone in talks with Liberty Global on asset swap, not merger

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After weeks of speculation, Vodafone released a statement on Friday saying it was not in merger talks
Sarah Young and Pamela Barbaglia
Reuters

LONDON (Reuters) - Vodafone, the world's second biggest mobile company, said it is in early talks about exchanging selected assets with Europe's largest cable operator Liberty Global, which could enable each to better compete with rivals.

Analysts and sector bankers said the two most important countries for both firms where they overlap were Britain and Germany. They also both operate in Ireland, the Netherlands, Czech Republic, Hungary and Romania.

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