Saturday 17 March 2018

Cable merger threat

John Malone Liberty Global
John Malone Liberty Global

Deutsche Telekom would object to any merger of John Malone's Liberty Global and Vodafone Group in Germany, arguing that the two rivals would control too much of its domestic TV market.

"We would definitely have some remedies and protests against a merger, but we also expect the authorities to have a view on that," said Niek Jan van Damme, the head of Deutsche Telekom's German business.

Liberty Global and Vodafone's broadband internet businesses don't overlap and wouldn't hurt competition, Mr van Damme said.

In June, Vodafone said that it was in talks with Liberty about asset swaps, after Liberty chairman John Malone said that the two companies would be a "great fit" in western Europe with "substantial synergies".

UPC owner Liberty has just bought TV3 here and is at the centre of a consolidation wave that is increasingly bundling together mobile, home phone, TV and internet operators. (Bloomberg)

Irish Independent

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