EU antitrust regulators have extended by two weeks—to July 23—their investigation into Vodafone’s US$22 billion bid for Liberty Global’s cable networks in Germany and central Europe, according to a filing on the European Commission website.
The EU competition enforcer decline to comment on the reason for the extension. Vodafone, the world’s second-largest mobile operator, stated discussions with the Commission were ongoing.
Earlier this month, Vodafone offered to grant rival Telefonica Deutschland access to its enlarged high-speed broadband network to allay competition concerns about the deal.
However, rivals and customers have provided negative feedback to the Commission, suggesting Vodafone may need to improve its proposal in order to win regulatory approval for the deal, sources said.