Kabel Deutschland concessions to win Tele Columbus
Kabel Deutschland has submitted a remedy package for the planned Tele Columbus acquisition to the German Federal Cartel Office. These remedies are intended to overcome the concerns of the FCO as expressed in the December 2012 statement of objection, especially regarding the housing association market for TV services.
Kabel Deutschland remains convinced that consumers and housing associations in Germany will in fact benefit from the proposed acquisition. As a result of the proposed acquisition, over 900 thousand households in Eastern Germany would obtain first-time access to high speed Internet over cable. Thus, the proposed acquisition would contribute significantly to the broadband strategy of the German Government.
As a result of the transaction, Kabel Deutschland would in addition become active outside its current footprint by entering into competition for contracts with housing associations in North Rhine-Westphalia and Hesse.