Vodafone CEO Vittorio Colao has said Liberty Global, could be a good fit for the mobile operator “for the right price”, according to Bloomberg.

Shares in Vodafone fell in afternoon trading in London, but Liberty’s shares rose on the back of the news.

Liberty Globalhas a market capitalisation of about $33bn, and had 2013 sales of $14.47bn. The company owned cable networks in twelve countries, including Germany, The Netherlands, Belgium (Telenet), the UK (Virgin Media), Ireland, Switzerland, Austria and Hungary.

Vodafone’s market capitalisation is roughly £53.98bn with 2013 sales of £44.4bn. The operator recently acquired cable nets in Germany (Kabel Deutschland) and Spain (ONO).