Vodafone To Complete Kabel Deutschland Deal By End Of 2013 [REPORT]

Mobile phone giant Vodafone Group Plc (NASDAQ:VOD) (LON:VOD) hailed its deal to buy Germany’s biggest cable companyas a pivotal move in its “most important market” as it continues to feel the squeeze in battered European economies. Vodafone Friday said it expects to complete the EUR7.7 billion acquisition of Kabel Deutschland Holding AG (FRA:KD8) (ETR:KD8) by the end of the year, as weakness in Europe continued to weigh on the world’s second-biggest mobile operator’s performance. Acquisition Of Kabel Will Create An Excellent Platform The company is attempting to broaden its product range beyond mobile services in the face of long-term decline in…