[Horizon]

I knew Vodafone would get involved in tv at some point, but I am surprised they have chosen this route. I guess Liberty is a bit too big for their liking, but if VM had remained independent, I am sure they would have been more interested in some tie up.

Apart from BT, VM have the only network (with their own ducts) that goes into people's homes. That is a valuable asset. Liberty have made clear their long term goal is to grow the scale of the company up to the point when it does become an attractive buy for a bigger fish. I just don't understand why Vodafone wish to spend money on C&W's crappy network while still having to use BT as well, if they want to pipe tv into people's homes, when there is a network all ripe for the purchase. It's not as if they don't have the dosh.

Vodafone are too far behind to make any impact in the tv space and because they don't have their own consumer network, they can't leverage the benefit of owning their own network like BT do with bundling their own sports channels and broadband together.

With EE about to launch a tv service too, there are too many companies fighting over scraps. VM has a consumer network, at some point someone is going to be interested in buying it. Me thinks we've not heard the last of this.