Vodafone wants to acquire Liberty Globals operations in Germany, Hungary, Czech Republic and Romania
Author:
Jenny PriestleyPublish date:
Dec 12, 2018
The European Commission has opened an investigation into Vodafones proposed acquisition of Liberty Globals business in Czech Republic, Germany, Hungary and Romania.
The two companies announced the planned 18.4 billion deal in May.
The Commission said it is concerned that the takeover could reduce competition in Germany and the Czech Republic.
Commissioner Margrethe Vestager, in charge of competition policy, said: "Its important that all EU consumers have access to affordable and good quality telephone and TV services.
"Our in-depth investigation aims to ensure that Vodafones acquisition of Liberty Globals telecommunications businesses in Czech Republic, Germany, Hungary and Romania will not lead to higher prices, less choice and reduced innovation in telecoms and TV services for consumers".
The Commission will now carry out an in-depth investigation into the effects of the transaction to determine whether its initial competition concerns are confirmed. It has 90 working days (until 2nd May) to take a decision.
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Vodafone wants to acquire Liberty Globals operations in Germany, Hungary, Czech Republic and Romania
