By Stu Woo
BARCELONA--Liberty Global PLC (LBTYB) Chief Executive Mike Fries said Thursday that the telecommunications company has no further plans to partner with mobile carrier Vodafone Group PLC (VOD.LN), after the two agreed to a 50-50 joint venture in the Netherlands.
Mr. Fries said the Dutch joint venture, expected to be completed by the end of the year, was a "unique situation." He said Liberty Global, which had an broadband internet and TV empire in the country, was much bigger than Vodafone. The mobile carrier agreed to pay Liberty Global 1 billion euros to equalize the 50-50 ownership.
"It was a good place to get to know each other, see if it works," Mr. Fries said at a Morgan Stanley conference in Barcelona. "There's nothing else we're talking about right now."
Analysts have speculated that the two telecommunication giants might attempt a merger.
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(END) Dow Jones Newswires
November 17, 2016 09:08 ET (14:08 GMT)
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