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EC lets Liberty flee Germany in pursuit of mobile pastures

The European Commission has predictably cleared the way for Vodafone to gobble up Liberty Global’s Unitymedia business in Germany, along with UPC cable assets in Hungary, Romania and the Czech Republic, with relatively minor concessions. When Vodafone buttered up regulators in May with the promise of granting Telefónica Deutschland full access to the Unitymedia cable network, we said this had thrown the cat among the pigeons of an €18.4 billion deal which, prior to this olive branch, we viewed as unlikely to receive approval. So, Liberty Global, the great cable superpower, is offloading something close to 10 million video subscribers to Vodafone, along with a similar number of internet subscribers. Naturally, the deal reduces the amount of competition in the…

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