EU antitrust body OKs Vodafone's German cable deal

September 20, 2013

The European Union's antitrust watchdog has cleared a 7.7 billion-euro ($10 billion) takeover of Germany's biggest cable operator by British telecoms firm Vodafone PLC.

The European Commission, the 28-nation bloc's executive arm, said on Friday its investigation found the two companies' businesses were mainly complementary and there was no risk they might gain price-setting dominance in their markets.

Kabel Deutschland Holding AG has an extensive cable network in Germany that the London-based cellphone giant could use to expand its fixed-line, broadband and in the country.

U.S. Verizon Communications Inc. is buying back a 45 percent stake currently held by Vodafone in a spectacular $130 billion buyout deal that will leave the British company awash with cash to strengthen its European business units.

Explore further: Verizon denies talk of bid with AT&T for Vodafone

Related Stories

EU OKs $2.7bn Siemens takeover of UK rail firm

April 18, 2013

The European Union's antitrust body has cleared a 1.74 billion pound ($2.7 billion) takeover of a British rail technology company by German industrial conglomerate Siemens.

Vodafone launches bid for Kabel Deutschland

June 24, 2013

Britain's Vodafone PLC has launched a takeover bid for Germany's biggest cable operator, Kabel Deutschland, as part of its push to dominate media services in its biggest market.

Verizon reclaims US wireless stake for $130B

September 2, 2013

Verizon will own its wireless business outright after agreeing Monday to pay $130 billion for the 45 percent stake in Verizon Wireless owned by British cellphone carrier Vodafone.

Recommended for you

US Navy keeps electromagnetic cannon in its sights

June 25, 2016

The US Navy is quietly pushing ahead with a radical new cannon that one day could transform how wars are fought, even though some Pentagon officials have voiced concerns over its cost and viability.

Ultra-thin solar cells can bend around a pencil

June 20, 2016

Scientists in South Korea have made ultra-thin photovoltaics flexible enough to wrap around the average pencil. The bendy solar cells could power wearable electronics like fitness trackers and smart glasses. The researchers ...

Mapping coal's decline and the renewables' rise

June 23, 2016

Even as coal-fired power plants across the U.S. are shutting down in response to new environmental regulations and policy mandates, defenders of the emissions-heavy fuel still have cost on their side. Coal, after all, is ...

Flower power—photovoltaic cells replicate rose petals

June 24, 2016

With a surface resembling that of plants, solar cells improve light-harvesting and thus generate more power. Scientists of KIT (Karlsruhe Institute of Technology) reproduced the epidermal cells of rose petals that have particularly ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.