EC approves the acquisition of UPC Romania by Vodafone

The European Commission (EC) has approved the acquisition of cable TV and internet provider UPC Romania by Vodafone, says Romania-Insider.com.

This is part of a EUR 18.4 billion transaction between Vodafone Group and U.S. group Liberty Global, through which Vodafone takes over UPC’s assets in Germany, Czech Republic, Hungary and Romania.

Locally, this acquisition will enable Vodafone to challenge more vigorously the dominant positions on both mobile and fix markets, acting as catalyst for innovation and digitization, the company said in a press release. Vodafone Romania will thus be able to offer competitive convergent services to its customers, something that its main competitors are already doing.

The transaction is expected to complete by July 31.

Read more HERE

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