The Financial Times is reporting that British multinational telecommunications company, Vodafone, could agree to a deal to take control of Liberty Global's cable networks in Germany and Eastern Europe for 16.5 billion euros within the next two weeks.
Liberty Global is the parent company of Cable and Wireless Jamaica.
The two firms have been engaged in discussions for the best part of three years, with talks first held in 2015 about a possible exchange of assets.
Those ended without agreement but in 2016, the two firms agreed to merge their mobile and cable operators in the Netherlands.
Vodafone has invested significantly in fixed assets in recent years, both through the construction and acquisition of superfast broadband networks, and sees the convergence of mobile and fixed as essential for its future prospects.
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