US firm Liberty Global buys stake in Vodafone after tumultuous year
by Alex Lawson from on (#68TQF)
Cable cowboy' John Malone rules out takeover bid but says he believes UK telecoms company is undervalued
The US telecoms group chaired by cable cowboy" John Malone has snapped up a stake in Vodafone in a bet on the UK company's revival - but has ruled out making a takeover bid.
Liberty Global, which is an investor in ITV and Virgin Media O2, told investors on Monday it had acquired a 4.92% stake in Vodafone, saying it believed the shares were undervalued.
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