Brussels, 22/09/2014 (Agence Europe) - On 22 September, the European Commission announced its decision to open an in-depth investigation into whether the proposed acquisition of joint control over De Vijver Media by Liberty Global, Corelio and Waterman & Waterman complies with EU legislation on mergers.
Liberty Global controls the Flemish cable television operator Telenet, whilst De Vijver owns the Dutch-language television channels “Vier” and “Vijf”. The Commission is concerned that following the operation, rivals of these companies could be shut out from the Flemish television sector. Given the importance of these channels, this could weaken the pressure currently brought to bear by competitors of Telenet, allowing it to increase prices for its television services to consumers. The Commission is also concerned that rival channels may experience difficulties in accessing Telenet's cable platform, or that access conditions for these channels might significantly worsen.
The Commission stresses that the opening of an investigation does not prejudge the outcome of the procedure. It has until 5 February next year to reach its final decision. (EL)