Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Vodafone wins EU approval for Liberty Global deal

Vodafone wins EU approval for Liberty Global deal
FILE PHOTO: A woman holds a phone as she passes a Vodafone store in London, Britain May 16, 2017. REUTERS/Neil Hall -
Copyright
Neil Hall(Reuters)
Euronews logo
Text size Aa Aa

BRUSSELS (Reuters) – Vodafone <VOD.L> secured on Thursday antitrust approval from the European Union for its $22 billion (17.63 billion pounds) bid to buy Liberty Global’s <LBTYA.O> cable networks in Germany and central Europe after offering concessions in May.

The European Commission said in a statement that the approval was “conditional on full compliance with a commitments package offered by Vodafone.”

Vodafone, the world’s No. 2 mobile operator, is looking to the deal to help it better compete with German market leader Deutsche Telekom <DTEGn.DE>.

It offered to strengthen rival Telefonica Deutschland <O2Dn.DE> by giving it access to its merged high-speed broadband network after the European Commission said the deal may reduce competition in Germany and the Czech Republic.

Reuters reported on June 26 that the deal was set to go ahead.

(Reporting by Robin Emmott, editing by Alissa de Carbonnel)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.