Vodafone and Liberty Global have confirmed they are in discussions about a deal for “overlapping assets” in continental Europe.

The “early stage” talks centre on Vodafone acquiring certain parts of Liberty Global’s portfolio, although precise details were not disclosed.

The discussions do not include a combination of the two overall companies, according to a statement released by Vodafone on 2 February.

Vodafone is looking to capitalise on the growing success of converged services by adding more fixed infrastructure to where it has mobile-only offerings.

Last week, it hailed its best-ever quarter for customer growth in high-speed broadband in Europe.

The company added 1.2 million broadband customers on the continent in 2017, taking its base to 14.2 million.

European fixed-line sales grew 4.4 percent in the three months to 31 December, offsetting a 1.3 percent decline in mobile service revenues.

Continental European countries where the two companies both have operations include Germany, the Czech Republic, Hungary and Romania.

However, the UK-based operator said there was no certainty on whether a deal would be agreed, what the terms would be or when it might happen.

In 2016 they agreed a deal to combine their operations in the Netherlands via a joint venture called Vodafone Ziggo.

An earlier round of discussions in 2015 ended in failure.

Liberty Global declined to comment on the story.

The news boosted Vodafone’s share price by 3.1 percent and Liberty Global’s by 7.6 percent.

Read more: Vodafone Greece buys rival Cyta Hellas

Vodafone and Liberty Global renew asset sale talks

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