Vodafone confirms Liberty Global talks

Vodafone has confirmed it has held talks with Liberty Global to exchange some businesses in Europe but said the two were not considering a merger to create a £100 billion global telecoms powerhouse. Instead, Vodafone was in “early stages of discussions with Liberty Global regarding a possible exchange of selected assets between the two companies”. There is no certainty that any transaction will be agreed, it added, or which assets will be involved.