Vodafone Group’s EUR7.7 billion (USD10.1 billion) takeover of German cable operator Kabel Deutschland (KDG) could fail to reach the required minimum level of acceptances by the upcoming deadline, reports the Financial Times. Under the terms of the tender offer published in July, in order for the acquisition to proceed 75% of Kabel Deutschland shareholders must tender their shares by Wednesday in the first part of a two-stage process, but some of the cableco’s shareholders believe that the amount of tenders offered will fall short of this threshold. If Vodafone fails to secure the necessary support from Kabel Deutschland shareholders it can be prevented from relaunching a further takeover offer for twelve months, although it can seek a waiver from Germany’s market regulator BaFin, shareholders said. As reported by CommsUpdate, in July UK-based Vodafone Group officially launched a voluntary public takeover offer for Kabel Deutschland, further to an initial announcement on 24 June 2013. Vodafone says that the combination of its German unit with the cableco, which has a network serving around 8.5 million households in 13 out of 16 states, would create an operator with 32.4 million mobile, 5.0 million fixed broadband and 7.6 million direct TV customers.
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