Vodafone hires bank ahead of possible German telecom bid

Kabel Deutschland, Germany's biggest cable company, has retained Morgan Stanley and advisory firm Perella Weinberg to defend its interests in the event of a Vodafone approach, a second person with direct knowledge said.

An acquisition would transform the German telecoms market, which has been one of the more resilient in a European sector plagued by deflation in prices and tough competition.

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