Cable giant Liberty Global and wireless company Vodafone Group are discussing the possibility of undertaking a joint venture in the Netherlands, Vodafone confirmed Tuesday.
The discussions do not include anything beyond that possibility and there is no certainty that a deal will be the result of the discussions, Vodafone said.
The news comes on the heels of a report from Bloomberg that the companies had renewed their efforts to form a partnership. The companies had previously been in talks to exchange assets in mid-2015, but ended those discussions when they couldn’t come to an agreement on the value of those assets.
According to Bloomberg, a collaboration stemming from the current talks would create an opportunity for the companies to bundle their combined wireless and cable TV assets in the country. Vodafone is currently the second-largest mobile operator in the Netherlands, with 6.2 million subscribers.
As suggested by Bloomberg, it is possible that Liberty Global could turn its attention to Deutsche Telekom’s T-Mobile Netherlands business if talks with Vodafone sour again. The DT unit is currently for sale and is valued at around $3.2 billion.
A wireless deal in the Netherlands would be Liberty Global’s second in the area this year. In January, Reuters reported that Liberty Global was expecting approval for its purchase of KPN’s wireless unit in neighboring Belgium. That deal was expected to close for $1.4 billion.