je.st

Home › kabel

Tag: kabel

Kabel Deutschland abandons Tele Columbus deal

2013-09-24 15:15:00| Telecompaper Headlines

(Telecompaper) German cable network operator Kabel Deutschland has finally abandoned its plans to acquire rival Tele Columbus, Reuters reports. A Kabel Deutschland spokesperson said that it had withdrawn its appeal against a Federal Cartel Office decision to block the takeover. The spokesperson said that it did not want a protracted legal battle following its takeover by Vodafone Group.

Tags: deutschland deal columbus tele

EC approves Vodafone takeover of Kabel Deutschland

2013-09-23 10:23:00| Telecompaper Headlines

(Telecompaper) The European Commission (EC) has cleared the acquisition of German cable network operator Kabel Deutschland Holding by Vodafone Group. The EC's investigation confirmed that the activities of the merging parties were mainly complementary. While Kabel Deutschland primarily offers cable TV, fixed line telephony and internet access services, Vodafone's core business consists of mobile phone services. Vodafone also offers fixed-line telephony, internet access and IPTV services. The EC found that in markets where the parties' activities overlap, the increase in market share resulting from the proposed transaction is insignificant and will therefore not appreciably alter competition. With merger approval from the EC, all conditions to the offer have been met and Vodafone expects to close the transaction on 14 October.

Tags: deutschland kabel vodafone approves