Vodafone, Kabel Deutschland deal cleared
August 21, 2013
The German competition authorities have reported they have no objections to UK mobile phone giant Vodafone plan to take over Kabel Deutschland.
“Following a preliminary examination on our part, we’ve assessed that it’s more of a complementary tie-up,” the head of Germany’s Federal Cartel Office, Andreas Mundt, told Frankfurter Allgemeine Zeitung. The dossier would now be passed on to the European competition watchdog, Mundt said.
In June, Vodafone launched a €7.7 billion cash offer for Kabel Deutschland in a bid to grow in Europe.
Kabel Deutschland is Germany’s leading cable provider, providing television, telephony and broadband services to about 8.5 million connected households in 13 of Germany’s 16 federal states.