NEW YORK (TheStreet) -- Vodafone (VOD) - Get Report stock is sliding by 2.96% to $31.85 in pre-market trading on Monday, after terminating talks of an assets exchange with U.S.-based cable operator Liberty Global (LBTYA) - Get Report .
In June, Vodafone announced it had begun talks with Liberty Global for a possible exchange of selected assets, but Vodafone said on Monday that it has ended talks with the company, The Wall Street Journal reports.
Vodafone didn't disclose details of the types of assets or geographic location that had been considered, The Journal adds.
Liberty Global, which has operations in major European markets, has been in search of acquisitions with cable operators in Europe, while Vodafone has acquired fixed-line assets in Spain and Germany to prop up its European mobile business and increase its influence in a market moving toward more bundled services, according to The Journal.
Shares of Liberty Global are flat in pre-market trading.
Vodafone, based in Newbury, England, is a mobile communications company which provides services to mobile voice, messaging, data and fixed line.