EU Clears Vodafone's Acquisition of Liberty Global Assets With Conditions
18 Julio 2019 - 04:35AM
Noticias Dow Jones
By Adria Calatayud
The European Union's antitrust authority said Thursday that it
has cleared Vodafone Group PLC's (VOD.LN) acquisition of Liberty
Global PLC's (LBTYA) assets in Germany, Hungary, Romania and the
Czech Republic, with conditions.
The European Commission said remedies offered by Vodafone,
including a wholesale agreement with Telefonica Deutschland AG
(O2D.XE), addressed its competition concerns.
In addition to the pact with Telefonica Deutschland--which gives
Telefonica access to the merged entity's cable network in
Germany--Vodafone committed to refrain from contractually
restricting the possibility for broadcasters that are carried on
the merged entity's TV platform to also distribute their content
via an over-the-top service, the European Commission said.
Vodafone also proposed not increasing the feed-in fees paid by
free-to-air broadcasters for the transmission of their linear TV
channels via Vodafone's cable network in Germany and to continue to
carry the signal of free-to-air broadcasters, the commission
said.
EU regulators in December said they had opened an in-depth
investigation into the deal, as the European Commission was
concerned the acquisition may reduce competition in Germany and the
Czech Republic.
Vodafone agreed to buy Liberty Global's operations in Germany,
Hungary, Romania and the Czech Republic in May last year in a deal
valued at 19 billion euros ($22.5 billion at the time).
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
July 18, 2019 05:20 ET (09:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Vodafone (LSE:VOD)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Vodafone (LSE:VOD)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024