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EC agrees Vodafone’s Kabel Deutschland takeover

The European Commission has given its seal of approval for Vodafone’s $10.4 billion takeover of Kabel Deutschland.

The EC competition authority confirmed that it had no objections to the UK mobile telecoms giant’s takeover of Germany’s largest cable operator.

Vodafone confirmed last week that it had secured 76.48% of Kabel Deutschland shares – over the 75% required minimum acceptance threshold.

The Commission approved the acquisition without conditions. Its view was that the deal would have no significant impact on competition in the markets in which the two companies operate.

In a statement, the EC said: “The Commission’s investigation confirmed that the activities of the merging parties were mainly complementary. While Kabel Deutschland primarily offers cable TV, fixed line telephony and internet access services, Vodafone’s core business consists of mobile telephony services.”

Vodafone will now be able to finalise its acquisition of Kabel Deutschland.

Completion is expected on 14 October.

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