REFILE-UPDATE 3-Vodafone and Liberty Global end European tie-up talks

Mon Sep 28, 2015 12:25pm EDT
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(Adds further reactions, updates Liberty's share price;refiled to delete garbled phrase in paragraph 13)

* Talks on asset swaps to create bundles of services ended

* Could not reach agreement on asset values - source

* Door open to resumption of talks - source

* Shares in both companies fall 4 pct

By Paul Sandle

LONDON, Sept 28 (Reuters) - Vodafone and Liberty Global have abandoned talks about a swap of business assets in Europe's converging mobile phone, broadband and TV markets, they said on Monday, having failed to agree on valuations.

Vodafone, the world's second-biggest mobile operator, said in June it was considering swapping some assets with Europe's biggest cable company, but denied persistent rumours that the two were looking at an outright merger to enable them to better compete as mobile and fixed-line broadband markets converge.

Both sides confirmed on Monday that the negotiations had been terminated, without commenting further.   Continued...