Arab Today, arab today eu clears liberty global\s 225bn virgin media deal
Last Updated : GMT 23:18:26
Arab Today, arab today
Arab Today, arab today

EU clears Liberty Global\'s $22.5bn Virgin Media deal

Arab Today, arab today

Arab Today, arab today EU clears Liberty Global\'s $22.5bn Virgin Media deal

London - AFP

The European Commission on Monday cleared US-based cable operator Liberty Global to acquire Britain's Virgin Media in a deal worth 17.2 billion euros. The Commission said the tie up between Liberty Global, the largest cable operator in Europe, and the second largest pay TV firm in Britain "would not raise competition concerns" because of the nature of the business and the continued competition the new entity would face. Announcing the deal in February, the two companies said it would create "the world's leading broadband communications company," serving 47 million homes and 25 million customers in 14 countries. The new company would focus on "the strongest and most strategic markets in Europe, with the scale to be at the forefront of technological change for customers," they said. The Commission said it found no competition issues because the two groups operated cable networks in different EU states and because the new entity would have only a "limited market position" in wholesaling of TV channels in Britain and Ireland. Liberty Global and Virgin Media acquire audio visual content, such as individual TV programmes and entire TV channels, which they then offer to their subscribers, a Commission statement said. The investigation of the deal looked at "in particular, the market for the acquisition of TV content in the UK, Ireland and the European Economic Area as a whole." The nature of the market, based on specific national or language content and the fact that the new group would "still face sufficient competitive constraint" from other content providers and pay TV firms, allowed approval, it said. The Commission said it also found no cause for concern in Liberty Global's wholesale supply of pay TV channels and Virgin Media's activities in the acquisition of these channels. Combined, it was "unlikely" that they could corner the market given need to offer the widest choice of content possible and the presence of alternative distribution channels, it added. Virgin Media has approximately seven million customers in Britain, where it provides broadband Internet, telephone, television and mobile phone services. Its main competitor is pay-TV satellite broadcaster BSkyB. Liberty Global is active in 13 countries, including 11 in Europe, buying the number two and three cable operators in Germany in 2010 and 2011, Unitymedia and Kabel BW.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu clears liberty global\s 225bn virgin media deal Arab Today, arab today eu clears liberty global\s 225bn virgin media deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu clears liberty global\s 225bn virgin media deal Arab Today, arab today eu clears liberty global\s 225bn virgin media deal

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday