Vodafone to pay $21.8 billion for Liberty assets to strengthen European presence

Vodafone has agreed to pay $21.8 billion to buy Liberty Global‘s assets in Germany, the Czech Republic, Hungary and Romania to take on rivals with a broader offer of superfast cable TV, broadband and mobile.

The world’s second-largest mobile operator had held repeated talks with John Malone’s Liberty in recent years in a bid to broaden its offering and better compete in Europe with former monopolies such as Deutsche Telekom.

Daniel Leal-Olivas | AFP | Getty Images