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Brussels to determine Vodafone’s KDG takeover

German’s competition authorities have cleared the way for UK mobile phone operator Vodafone to takeover Kabel Deutschland (KDG) – leaving just the European Commission to rule on the deal.

Germany’s Federal Cartel Office head Andreas Mundt told Frankfurter Allgemeine Zeitung: “Following a preliminary examination on our part, we’ve assessed that it’s more of a complementary tie-up.”

But Mr Mundt said that the size of the deal for KDG, Germany’s leading cable operator, would require a ruling from the European Commission’s competition watchdog.

Vodafone launched a €7.7 billion cash offer for KDG in June. But the purchase price, including assumption of debt, adds up to €11 billion, brings the merger within the EC’s jurisdiction.

KDG provides TV, telephony and broadband services to around 8.5 million connected households in Germany.

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