Vodafone unveiled that it has acquired 100% of German fixed-line carrier Arcor. Vodafone coughed up 474 million Euro to get the 26.4% interest from Deutsche Bank AM and Deutsche Bahn AG
Speaking about the acquisition, Arun Sarin, Vodafone’s Chief Executive said, “This deal is consistent with our total communications strategy. By taking full control of Arcor and aligning it more closely with Vodafone Germany we will leverage the greater scale this presents, and generate synergies and substantial time to market benefits within Europe’s largest telecommunications market.”
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