NEW YORK (TheStreet) -- Vodafone (VOD) shares are up 2.6% to $37.14 in afternoon trading on Wednesday after the chairman of Liberty Global (LBTYA) said that the mobile communications company would be a "great fit" with Vodafone, the second largest mobile carrier in the world.
Company chairman John Malone made the comment to Bloomberg, reigniting rumors that the two company's are considering a merger.
"We've looked at that from our side and there would be very substantial synergies if we could find a way to work together or combine the companies with respect to western Europe," Malone said. "There's the promise of creating enormous shareholder value if we could work it out."
Vodafone declined to comment on any potential merger talks.