Magic circle firm duo Linklaters and Allen & Overy are advising on the financing of telecommunications behemoth Vodafone's latest expansion.

The UK-headquartered multinational conglomerate is using a £3.4 billion convertible bond to finance its €18.4 billion acquisition of the European assets of US telecoms business Liberty Global.

The deal will see Vodafone expand its mobile, cable television and broadband services across the continent with the acquisition of businesses in Germany, Hungary, Romania and the Czech Republic, including Unitymedia, one of Germany's largest cable networks.