Arab Today, arab today german watchdog clears vodafone kabel deal
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

German watchdog clears Vodafone, Kabel deal

Arab Today, arab today

Arab Today, arab today German watchdog clears Vodafone, Kabel deal

Frankfurt - AFP

The German competition authorities said on Wednesday they saw no objections to plans by British mobile phone giant Vodafone to take over Kabel Deutschland, Germany\'s biggest cable operator. \"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 the daily 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-euro ($10.3-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. Vodafone is offering Kabel Deutschland shareholders 87 euros in cash for every share. The management and supervisory boards of Kabel Deutschland have signalled their intention to recommend Kabel Deutschland shareholders accept the offer. The offer would provide Vodafone \"with an attractive platform for TV and fixed broadband in Germany and creates a leading integrated operator with pro forma revenues of approximately 11.5 billion euros.\" Turning to another proposed tie-up between mobile operators E-Plus and O2, Cartel Office chief Mundt was much more critical. \"It\'s clear that the merger will have negative consequences for competition and must be examined in all aspects,\" he told the newspaper. The plans were unveiled in July, but since then the owner of E-Plus, KPN is the target of an unsolicited offer by Mexican operator America Movil and the latter\'s plans for Germany are not yet known.  

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 german watchdog clears vodafone kabel deal Arab Today, arab today german watchdog clears vodafone kabel deal

 



Arab Today, arab today

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 german watchdog clears vodafone kabel deal Arab Today, arab today german watchdog clears vodafone kabel deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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