Liberty Global is reportedly in talks with Vodafone to acquire the telco’s stake in their Dutch JV VodafoneZiggo.

As reported by Bloomberg last week, discussions have been held for several months.

One source familiar with the matter told the newspaper that a potential deal could value Vodafone’s stake at more than €2 billion ($2.18bn).

Talks are, however, at an early stage and there’s no certainty that a deal will happen.

Liberty Global and Vodafone formed VodafoneZiggo in 2016 via merging Vodafone Netherlands and Ziggo. The telco serves around six million mobile subscribers.

Vodafone has looked to consolidate its operations across Europe in the last few years.

In January, the carrier finalized its exit from Italy with a sale of its Italian business to Swisscom.

The carrier has also recently completed a sale of its Spanish business to UK investment firm Zegona and is on track to merge with Three in the UK.