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Germany/UK: Regs clear $10B Vodafone, Kabel merger

By  |  August 21, 2013
Germany/UK: Regs clear $10B Vodafone, Kabel merger

Germany’s antitrust regulators announced clearance for a more than $10 billion merger between telecommunications giant Kabel Deutschland and Vodafone, say reports. UK-based Vodafone first launched its $10.3 billion offer for the German giant. In its preliminary investigation, regulators found no cause for competition concern, the watchdog announced Wednesday. The deal will now go before the European Commission for further clearance. Kabel Deutschland is Germany’s largest cable operator. The news comes in the same week Germany antitrust regulators announced tense scrutiny of another pending deal between mobile telco companies E-Plus and O2; E-Plus owner KPN is itself the target of yet another buyout by Mexico-based America Movil.

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