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Liberty says Vodafone Dutch JV 'probably not' a template for more deals

Reuters - UK Focus

By Harro Ten Wolde

BARCELONA, Nov 17 (Reuters) - Liberty Global (NasdaqGS: LBTYA - news) 's chief executive said the cable group's joint venture with mobile operator Vodafone in the Netherlands did not signal more deals between the two companies in Europe.

Asked at the Morgan Stanley Technology, Media and Telecoms conference whether the Dutch tie-up was a template for further deals, Mike Fries said: "Hard to say, (but) I would probably say not."

He said the two were not talking about anything else right now. "This was a unique situation," he said at the Barcelona conference on Thursday.

"We were bigger then them in this market. So for us it was a net cash-out deal. It was a small market, (so) a good way to get to know each other."

Vodafone said on Wednesday regulators could look favourably on more co-operation between the two companies as a counterbalance to former telecom incumbents. (Reporting by Harro Ten Wolde, Writing by Paul Sandle. Editing by Jane Merriman)