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Vodafone Ends Talks With Liberty Global

European wireless giant Vodafone said Monday that it has ended talks concerning a possible asset exchange with cable pioneer John Malone's Liberty Global.

The talks had been going on since June regarding unspecified assets. In a terse statement Monday Vodafone simply stated that those talks had been "terminated."

Liberty Global is  the largest cable operator in Europe and Vodafone has made deals to acquire cable assets in Germany and elsewhere. Liberty Global also has been aggressively rolling out a wireless product to round out its "quad play" offering, but has been mainly doing so through MVNO agreements with carriers.

Speculation has been heavy over the past several weeks that the two parties were at loggerheads over the valuation of their assets.