On Monday, October 22, the head of Telefonica Deutschland called for EU regulators to block Vodafone’s planned acquisition of Liberty Global, saying it would lead to a “quasi-monopolisation” of the German cable TV market.
Britain’s Vodafone agreed in May to pay US$21.8 billion to buy Liberty Global‘s assets in Europe, with the main prize being Germany’s Unitymedia, but still needs regulators’ approval.
“This takeover would mean the end of competition in the cable market and in the fixed broadband network,” Telefonica CEO Markus Haas said in a statement on Monday.
“We must not allow a quasi-monopolisation of important parts of the infrastructure, which is of decisive importance for the economic future of Germany, to take place.”
Vodafone sought EU antitrust approval for the deal on Friday, according to a filing on the European Commission website.
Full Content: WSAU
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI