A PYMNTS Company

EU: Vodafone cleared for €19B Liberty Global deal

By  |  July 18, 2019
EU: Vodafone cleared for €19B Liberty Global deal

The Financial Times reported that the European Commission has approved, under the EU Merger Regulation, the proposed acquisition by Vodafone of Liberty Global’s cable business in Czechia, Germany, Hungary, and Romania. The approval is conditional on full compliance with a commitments package offered by Vodafone.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The European Commission cleared the takeover of Liberty’s German and eastern European cable networks on Thursday, July 18, after Vodafone offered concessions to ease competition concerns.

    Commissioner Margrethe Vestager, in charge of competition policy, said, “In our modern society access to affordable and good quality broadband and TV services is almost as asked for as running water. We have today approved Vodafone’s purchase of Liberty Global’s business in Czechia, Germany, Hungary and Romania subject to remedies designed to ensure that customers will continue enjoying fair prices, high-quality services and innovative products.”

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.