POST Online Media Lite Edition



 

EU opens probe into €18.4bn Vodafone, Liberty Global deal

Staff Writer |
The European Commission (EC) has opened an in-depth investigation to assess Vodafone's proposed acquisition of Liberty Global's business in Czechia, Germany, Hungary and Romania under the EU Merger Regulation.

Article continues below




The Commission is concerned the takeover may reduce competition in Germany and Czechia.

In Czechia, Hungary and Romania, Vodafone is mainly active as a mobile network operator, and Liberty Global as a fixed telecommunications operator.

In Germany, Vodafone and Liberty Global operate non-overlapping coaxial cable networks (i.e., networks that cover different areas and regions). Vodafone is also active in areas where Liberty Global offers cable services via wholesale access to Deutsche Telekom's xDSL network.

Vodafone and Unitymedia (Liberty Global's subsidiary in Germany) currently compete against each other in areas served by Unitymedia via cable on the retail fixed telecommunications markets and on the retail TV markets.

The Commission has concerns that the transaction would eliminate competition between the merging companies, reduce the number of players and limit the merged entity's incentives to compete effectively with the remaining operators, both in areas already served by Unitymedia and in Germany as a whole.

The proposed transaction could eliminate competition between the merging companies in terms of investment in next generation networks

The transaction could substantially increase the bargaining power of the merged entity vis-à-vis TV broadcasters. This, in turn, could negatively impact these broadcasters' ability to stay competitive and to invest.

At this stage, the Commission has not identified any specific competition concerns relating to the proposed merger for the Hungarian and Romanian markets.

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.


What to read next

Vodafone in talks with Liberty Global on assets swap
Vodafone completes sale of Netherlands’ Thuis to T-Mobile Netherlands
T-Mobile Netherlands to buy Vodafone Thuis

President Sisi inaugurates projects of General Authority for Investment, Free Zones

 
Egypt's President Abdel Fattah El-Sisi inaugurated a number of projects of the General Authority for Investment and Free Zones (GAFI).
 
 

Latest

France to halt fossil fuel export guarantees next year
NHSRCL invited tenders for India’s first 7-km long underwater tunnel
Denmark and Germany building world’s longest immersed tunnel
China's biggest air show to take off

NEWS

Sweden issues warning of two gas leaks on Nord Stream 1 pipeline

Air India plane makes emergency landing after hitting bird
Plane that left Santo Domingo makes emergency landing in Bahamas
Dogs to detect undeclared lithium batteries
Japan to welcome international visitors beginning October 11
Arab Spring generation: U.S. not first ally any more but they would like to live there
 

BUSINESS

AUD65 million stolen from seafarers in Australia

New York City approves contract for $7 billion Penn Station redesign
DOE opens $7 billion funding program for regional clean hydrogen hubs
Power tools market size to grow by $10.33 billion
Four vessels with foodstuffs leave Ukrainian ports for Turkey, Netherlands, Spain
Kurdistan exported $3.8 billion worth of oil over three months
 

Trending Now

Nykode Therapeutics announces positive results of Nykode’s T cell focused pan-SARS-CoV-2 vaccine candidate

AUD65 million stolen from seafarers in Australia

Romania requests €4 billion EIB support to co-finance health and transport investment

Heart pacing company Ceryx Medical partners with Osypka Medical


POLITICS

Hungary says West in favor of Russia-Ukraine war

Romania requests €4 billion EIB support to co-finance health and transport investment
Texas delegation leading business development mission to Europe
Czechia to get €1.64 billion for climate transition
UAE, Germany sign energy security, industry accelerator pact
33,000 new loans for small businesses as £900m government scheme widened
 

Today We Recommend

AUD65 million stolen from seafarers in Australia


Highlights 

Virginia: RapidFlight to establish operations in Manassas, create 119 new jobs

New York City approves contract for $7 billion Penn Station redesign

Macy's to hire colleagues for more than 41,000 seasonal positions


COMPANIES

Virginia: RapidFlight to establish operations in Manassas, create 119 new jobs

Evermade Foods to expand in Virginia
Ballard Power Systems to supply fuel cell engines for first U.S. hydrogen train
Macy's to hire colleagues for more than 41,000 seasonal positions
Romania: Autonom receives €15 million EIB backing to increase electric and hybrid car fleet
Garuda Indonesia files for Chapter 15 in U.S., debt $5.1 billion
 

CAREERS

Phathom Pharmaceuticals appoints James Toppe to board

Industrial Logistics Properties Trust appoints Brian E. Donley as CFO
Advance Auto Parts appoints Herman L. Word, Jr. as vice president
MSC launches MSC Air Cargo, Jannie Davel to lead operations
Paul Boudre appointed chairman of UnitySC
Serge Lupas appointed as CEO of Cyclomedia
 

ECONOMY

Indonesia posts $7.1 billion January-August budget surplus

Greek economy to grow 6% this year, 2.8% in 2023
Netherlands' economic growth of 2.6 percent in Q2 2022
Lithuania industrial output growth rises in August
Euro area business activity contracts at sharper pace in September
Germany's manufacturing activity at 27-month low
 

EARNINGS

Lifeway Foods reported financial results for Q2

Aldi UK profit down 79%
Costco Q4 net sales increased 15.2 percent
FedEx Q1 profit down
Accenture Q4 revenues increased 15%
Darden Restaurants Q1 income drops
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Russian Makfa starts exporting flour to Saudi Arabia

Russia: 15 million edible chicken eggs shipped from Novosibirsk to Mongolia
Oriental Fruit Fly quarantine in portion of Orange County, California
Mass fish die-off in Poland not caused by nature
Hong Kong suspends import of poultry meat and products from Breckland District of Norfolk County, UK
Hong Kong suspends import of poultry meat and products from Oost-Vlaanderen Province, Belgium
 

LEADERSHIP

Cybervetting can have pronounced impact on workforce by broadening discrimination

Female managers pay fairer
Pitch quality of CEO voices rests entirely on gender
Employee turnover costs more than you think
51% of supply chain leaders increased number of network locations
If company overcomes post-IPO innovation slump, it will survive longer
 

CRIME

UK: Firms fined for fixing prices fans pay for Rangers FC merchandise

Three convictions in Croatia for illegal favouritism and attempt of abuse of function
SEC charges Compass Minerals for misleading investors about its operations at world’s largest underground salt mine
SEC charges Cheetah Mobile’s CEO and its former president with insider trading
Stockholm bourse fines SAS $175,000 over pilot strike information
Boeing to pay $200 million to settle SEC charges that it misled investors about 737 MAX
 

Magazine

TRAVEL

Annual Peanut Festival in Aubrey, Tx. is celebration of past and joy of present

Anantara Grand Hotel Krasnapolsky Amsterdam opens
Grand festive season in India starts with Navratri
300 artists from 65 nations will participate in Qatar International Art Festival
Hilton Hiroshima hotel opens in Japan
175 room Thompson Madrid hotel opens
 

SEA, LAND, AIR

Caterham Super Sevens, true joy of ride

New Ford Mustang brings digital cockpit, new engines and style
Ram 1500 Limited Elite Edition joins lineup for 2023
2023 GMC Canyon AT4X, new midsize truck
Shelby Code Red, $210,000+ to upgrade your Ford Mustang
Zero Motorcycles SR/S electric bike, effortless power, effortless control
 

DESIGN

Noritake tableware, to pass down to the new generation as an heirloom

Tecnografica wallcoverings from the land of ceramic
Poliform, kitchens for extraordinary homes
Luxury vinyl tiles, ideal combination of everything
LED lamps, long-lasting light for every space in your home
Clean and luxurious men's watches
 

GADGETS

Leica S3, made in Germany for great pictures

Sennheiser HD 300 PROtect, pro headphones that protect your ears
HP Dragonfly Folio G3, very very good laptop for business users
Nokia PureBook Fold and PureBook Lite, flexibility and stylish design
Tascam 202MKVII, professional dual cassette deck
Bose Frames Tenor, glasses for music and calls
 

HEALTH

Nykode Therapeutics announces positive results of Nykode’s T cell focused pan-SARS-CoV-2 vaccine candidate

Pfizer and BioNTech submit application to FDA for emergency use of bivalent vaccine booster in children 5 to 11
UK: Second vaccine doses to be offered to those at highest risk from monkeypox
White House announces $1.5 billion to prevent opioid overdose deaths
Pfizer applies to Swissmedic for authorisation of second bivalent COVID-19 vaccine
Pfizer, Sangamo Therapeutics in Phase 3 trial of investigational gene therapy for Hemophilia A, reopened recruitment
 

MEANTIME

NASA conducts first planetary defense test mission

Mysterious ripples in the Milky Way were caused by a passing dwarf galaxy
Astronomers detect hot gas bubble swirling around the Milky Way's supermassive black hole
NASA’s Dart probe to smash into asteroid in first Earth defence test
Search for clues may explain collapse of ancient city in Mexico
Astronomers unveil new and puzzling features of mysterious fast radio bursts