• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Liberty Global completes Vodafone cable deal

July 31, 2019 23.30 Europe/London By Jörn Krieger

Liberty Global has completed the sale of its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone.

“With the acquisition of Liberty’s assets in Germany and CEE, we have completed our transformation into Europe’s leading converged operator,” said Vodafone Group CEO Nick Read. “Not only have we reshaped our business, becoming the owner of the largest gigabit-capable next generation network infrastructure in the region, we are now able to play our part in realising the digital society for millions of customers.”

The move follows the approval of the €18.4 billion deal by the European Commission, granted after an in-depth investigation.

The EU Commission’s decision was, however, not well received in Germany by competitors and industry associations. They criticise that the acquisition of Liberty Global’s German cable unit Unitymedia by Vodafone would reduce competition, grant Vodafone a de facto monopoly in the cable market and slow down fibre-optic network deployment.

The opponents are therefore considering taking legal action against the EU Commission’s decision to approve Vodafone’s takeover of Unitymedia.

In a related development, Vodafone Group has also announced the full divestiture of Vodafone New Zealand for €2.1 billion. The 100% sale of Vodafone New Zealand was made to a consortium headed up by Infratil Limited and Brookfield Asset Management Inc.

“This transaction is a continuation of our strategy to optimise our portfolio and reduce our debt. I am pleased we will continue our 21-year relationship with the business and talented team in New Zealand through a Partner Market agreement, delivering Vodafone’s technology and services to benefit the country as it transitions to a digital society,” added Read.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Cable, Editor's Choice, Finance, Newsline, Platforms, Regulation, Top Story Tagged With: EU Commission, Liberty Global, Unitymedia, Vodafone Edited: 2 August 2019 10:23

Avatar photo

About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

Latest News

  • BBC Annual plan navigates tough financial climate
  • Porsche and ScreenHits TV in global streaming first
  • BBC to review social media guidance
  • Spain ups fast broadband coverage
  • Ukraine enacts and clarifies new media law

Free Ebook

Whitepaper: Why Wi-Fi 6 is Key for ISP Success

Wi-Fi 6 and Wi-Fi 6E client devices are entering the home in an unprecedented way, surpassing 50% market share since their introduction in 2019 (compared to four years for Wi-Fi 5). … [Download the eBook...]

Q & A

Q&A with Przemyslaw Frasunek, Redge Technologies

Broadband TV News speaks with Przemyslaw Frasunek, the CEO of Redge Technologies, about the CEE region OTT landscape and the most effective video security solutions.

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2023 Broadband TV News LLP · Log in

 

Loading Comments...