Vittorio Colao has joined the global growth equity firm General Atlantic as special advisor.
Liberty Global has agreed to sell its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone for €19 billion ($22.7 billion) on a US GAAP basis, compared to €18.4 billion ($22 billion) on an EU-IFRS basis.
Vodafone’s CEO Vittorio Colao has strongly criticised the claims by Deutsche Telekom’s CEO Tim Höttges that its plans to buy assets from Liberty Global in Germany were “totally unacceptable” and should be blocked by regulators.
Liberty Global is exploring the sale of its cable subsidiaries in Switzerland and Austria.
Vodafone’s TV customer base in Germany stood at 7.7 million as of June 30 and was unchanged on three months earlier.