Vodafone agreed to acquire Kabel Deutschland priced at Eur7.7 billion and would be the biggest deal since 2007.
Vodafone
Two sources told Reuters on Sunday that Vodafone proposed a new bid for Kabel Deutschland early on Monday.
Vodafone increased its Kabel Deutschland offer matching it with Liberty Global's Eur7.5 billion bid.
According to sources, Vodafone considers to improve its bid for Kabel Deutschland after the said deal to purchase the company at Eur81 per share.
Vodafone is evaluation possible acquisition of Fastweb, Italy's third biggest retail broadband operator.
Vodafone confirmed that the company is pursuing its informal offer to Kabel Deutschland which was priced EUR81 per share.
Fitch ratings warns Vodafone of the effect should the British firm purchase Kabel Deutschland.
Within the past week, an informal takeover bid for Kabel Deutschland Holding AG was initiated by Vodafone.
Kabel Deutschland declined to comment on potential interest from UK-based mobile operator Vodafone to buy the German cable network operator.
Bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies.
Mergers under review by the European Commission and a brief guide to the EU merger process
Bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies.
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