LONDON—Vodafone Group PLC confirmed Friday that it is in
early-stage discussions with Liberty Global over an exchange of
assets.
Europe's largest mobile operator confirmed the talks in response
to media reports about a deal.
"There is no certainty that any transaction will be agreed, nor
is there certainty with respect to which assets will ultimately be
involved," the company said.
Vodafone stressed that a merger of the two companies isn't under
consideration.
Write to Ed Ballard at ed.ballard@wsj.com
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