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Deutsche Telekom welcomes German cartel office move on Vodafone-Liberty

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Deutsche Telekom welcomes German cartel office move on Vodafone-Liberty
Coaxial TV Cable is seen in front of Vodafone and Liberty Global logos in this illustration taken May 9, 2018. REUTERS/Dado Ruvic/Illustration   -   Copyright  DADO RUVIC(Reuters)
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FRANKFURT (Reuters) – Deutsche Telekom <DTEGn.DE> CEO Tim Hoettges welcomed a request by Germany’s cartel office to rule on Vodafone’s <VOD.L> proposed takeover of Liberty Global’s <LBTYA.O> German unit, and reiterated his opposition to the deal.

“I expressly welcome this,” Hoettges said of the request regarding the deal, which is currently before European Union regulators in Brussels, siding with other German critics of the combination.

Hoettges said the $26 billion takeover by Telekom’s U.S. unit T-Mobile <TMUS.O> of Sprint Corp <S.N> was on track and he saw no reason to doubt that it would win regulatory approval, as expected, in the first half of 2019.

CFO Thomas Dannenfeldt, asked about a takeover of Tele2’s <TEL2b.ST> Dutch unit by Telekom’s local arm, said a constructive dialogue was continuing as the EU conducts a review that is due to be completed on Nov. 30.

(Reporting by Douglas Busvine; Editing by Michelle Martin)

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