Cuts at company's T-Systems unit are smaller than initially feared, however.
Latest from Michael Filtz
Kabel Deutschland's proposed acquisition of a smaller rival, which had come under scrutiny from Germany's competition regulation authority has been abandoned.
The acquisition will help Vodafone add fixed-line services to its offerings in Germany
With purchase, Telefonica will expand its O2 business and take aim at big German mobile players Deutsche Telekom and Vodafone.