Αρχική iptv-news Liberty Global completes Vodafone cable deal

Liberty Global completes Vodafone cable deal

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Liberty Global has completed the sale of its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone.

The move follows the approval of the €18.4 billion deal by the European Commission, granted after an in-depth investigation.

The EU Commission’s decision was, however, not well received in Germany by competitors and industry associations. They criticise that the acquisition of Liberty Global’s German cable unit Unitymedia by Vodafone would reduce competition, grant Vodafone a de facto monopoly in the cable market and slow down fibre-optic network deployment.

The opponents are therefore considering taking legal action against the EU Commission’s decision to approve Vodafone’s takeover of Unitymedia.



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