Kitz Forum

Announcements => News Articles => Topic started by: Bowdon on July 19, 2019, 01:04:55 PM

Title: Vodafone wins Brussels approval for £18bn Liberty Global deal
Post by: Bowdon on July 19, 2019, 01:04:55 PM
Quote
Brussels has given Vodafone the green light for its $22bn (£18bn) takeover of parts of Liberty Global's cable networks, clearing the way for the most valuable European telecoms merger in more than a decade.

https://www.telegraph.co.uk/technology/2019/07/18/vodafone-wins-brussels-approval-18bn-liberty-global-deal (https://www.telegraph.co.uk/technology/2019/07/18/vodafone-wins-brussels-approval-18bn-liberty-global-deal)

It seems that Vodafone is buying Liberty Globals networks in Germany and eastern europe. I wonder if this means anything for Virgin Media.

Vodafone seem to be very serious about the future of broadband networks. They seem to be involved in multiple technologies.

PS: The countries that networks will be taken over are; Czechia, Germany, Hungary, and Romania.
Title: Re: Vodafone wins Brussels approval for £18bn Liberty Global deal
Post by: Chrysalis on July 19, 2019, 04:14:39 PM
It feels like only yesterday LG brought VM, are they just a short term asset flipping company?
Title: Re: Vodafone wins Brussels approval for £18bn Liberty Global deal
Post by: kitz on July 21, 2019, 12:22:23 PM
>> I wonder if this means anything for Virgin Media.

The deal excluded VM,  who incidentally were conducting a review into possibly opening up a wholesale arm to supply other SPs.
Liberty Global have disposed mostly of their Eastern Europe assets and now seem to be focusing more on the UK market.   Don't they also want to buy ITV?