FILE PHOTO: co-Axial TV Cables, are to be seen in the front view of the Vodafone and Liberty Global’s logo, in this picture, May 9, 2018. REUTERS/dado Ruvic/Image/File Photo
BRUSSELS (Reuters) – Vodafone (VOD.(L) secured on the Thursday’s anti-trust approval from the European Union for its $22 billion bid to buy Liberty Global’s (LBTYA.D) cable networks in Germany and central Europe in the aftermath of the provision of the concessions in the beginning of march.
The European Commission said in a statement that the approval is a “condition of full compliance with the commitments package offered by the People.”
Vodafone, the world’s No. 2 mobile operator, is currently looking into the deal to help it better compete with the German market leader Deutsche Telekom (DTEGn.DE).
It is provided with the reinforcing of the arch-rival Telefonica Deutschland (germany) (O2Dn.DE by providing access to the aggregated, high-speed, high-speed network, after the European Commission said the deal may be a restriction on competition in Germany and the Czech Republic.
Reuters reported on 26 June that the deal was set to go.
Reporting by Robin Emmott, editing by Alissa de Carbonnel