‘Cable cowboy’ John Malone rules out takeover bid but says he believes UK telecoms firm is undervalued
The US telecoms group chaired by “cable cowboy” John Malone has snapped up a stake in Vodafone in a bet on the UK company’s revival – but has ruled out making a takeover bid.
Liberty Global, which is an investor in ITV and Virgin Media O2, told investors on Monday it had acquired a 4.92% stake in Vodafone, saying it believed the shares were undervalued.
Continue reading…‘Cable cowboy’ John Malone rules out takeover bid but says he believes UK telecoms firm is undervaluedThe US telecoms group chaired by “cable cowboy” John Malone has snapped up a stake in Vodafone in a bet on the UK company’s revival – but has ruled out making a takeover bid.Liberty Global, which is an investor in ITV and Virgin Media O2, told investors on Monday it had acquired a 4.92% stake in Vodafone, saying it believed the shares were undervalued. Continue reading…