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Liberty Global in talks to sell Austrian unit to Deutsche Telekom - FT

Reuters

FRANKFURT (Reuters) - International cable company Liberty Global (LBTYA.O) is in advanced talks to sell its Austrian unit UPC Austria to Deutsche Telekom (DTEGn.DE) in a deal worth about $2 billion, the Financial Times said on Thursday.

A deal could be reached in the coming days, the paper said.

UPC Austria generates sales of $342 million, the paper said, adding the deal would be part of a broader restructuring effort ahead of a possible new round of merger talks with Britain's Vodafone (VOD.L).

A spokesman at Deutsche Telekom declined to comment on the report, while no one at Liberty Global was immediately available for comment.

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Liberty Global and Vodafone have held talks in the past about combining forces as telecoms networks and services converge but have so far only announced a joint venture in the Netherlands.

(Reporting by Christoph Steitz; Additional reporting by Sangameswaran S in Bengaluru; Editing by Greg Mahlich)