Liberty Global and Vodafone’s $21.5 Billion Cable Deal Cleared by European Authorities

Variety | 7/18/2019 | Stewart Clarke
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The European Commission has approved Vodafone’s $21.5 billion deal for a raft of Liberty Global assets in Europe, with conditions attached.

The commission had investigated the deal on the grounds that it could reduce competition and lead to higher prices for consumers. It concluded, however, that the deal could go ahead with conditions. These include allowing broadcasters with services on the cable platforms to distribute content via their own OTT services and refraining from hiking fees paid by broadcasters in Germany for transmission of their channels on the cable network.

Today - Vodafone - Purchase - Liberty - Global

“We have today approved Vodafone’s purchase of Liberty Global’s business in [the Czech Republic], Germany, Hungary and Romania subject to remedies designed to ensure that customers will continue enjoying fair prices, high-quality services and innovative products,” Margrethe Vestager, the European antitrust commissioner, said in a statement issued Thursday.

In an agreement originally announced in May 2018, Liberty Global and Vodafone agreed to...
(Excerpt) Read more at: Variety
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