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Image header Agence Europe
Europe Daily Bulletin No. 10926
Contents Publication in full By article 18 / 27
ECONOMY - FINANCE - BUSINESS / (ae) competition

Vodafone buys up Kabel Deutschland

Brussels, 20/09/2013 (Agence Europe) - On Friday 20 September, the European Commission announced the acquisition of Kabel Deutschland Holding AG, a German cable operator, by Vodafone Group Plc. of the United Kingdom. The Commission'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 telephony services. To a certain extent, it also offers fixed line telephony and internet access, as well as IPTV. The Commission 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. (LC/transl.fl)

 

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