Telecom group Vodafone could acquire the European cable operator Liberty Global, which owns local telecom operator UPC Romania, according to Reuters sources, cited by local Economica.net.

A union between the two entities would create a leading telecommunications operator, with annual sales exceeding EUR 62 billion, that will be closely scrutinized by the regulatory authorities in the countries where the two companies are present, including Germany, Britain and The Netherlands.

In Romania, Vodafone had about 8.5 million customers on September 30, 2014, 7.9 million of which were mobile service users.

UPC Romania has 1.9 million subscribers, of which 1.2 million TV cable users.

editor@romania-insider.com