LONDON (Reuters) - Vodafone (VOD.L), the world’s biggest mobile phone group by sales, began due diligence on HanseNet and looks set to bid for the German Internet provider, the Daily Telegraph reported on Thursday without citing sources.
Vodafone declined comment when contacted by Reuters.
Vodafone would have to compete with Telefonica (TEF.MC), Spain’s largest telecoms operator, which also began due diligence on HanseNet, the Daily Telegraph said. A German newspaper said last month that Telefonica is interested in buying the firm.
Telecom Italia (TLIT.MI), which owns HanseNet, told an analyst presentation in December that it will consider selling its European broadband, Telecom Italia Sparkle and Cuba units as part of plans to shed noncore assets. Bidders have until April 24 to submit nonbinding offers for HanseNet, the Daily Telegraph said.
Reporting by Olesya Dmitracova; Editing by Gary Hill