KDG appeals prohibition of Tele Columbus acquisition

25 Mar 2013

German cable network operator Kabel Deutschland (KDG) has filed an appeal against the Bundeskartellamt’s decision to block its planned acquisition of smaller cableco Tele Columbus, Reuters reports, citing spokespeople for the antitrust body and KDG. KDG entered into an agreement to acquire Tele Columbus for around EUR618 million (USD802 million) in May 2012, TeleGeography’s GlobalComms Database notes, but last month the Bundeskartellamt announced that it had prohibited the deal, after determining that the planned acquisition would have a negative impact on competition in the market. The antitrust body rejected a package of remedies offered by KDG – which included the sale of Tele Columbus’ network assets in Berlin, Dresden and Cottbus, including the respective housing association contracts – stating that the concessions were insufficient to overcome its concerns about the deal.

Germany, Kabel Deutschland, Tele Columbus Group (PYUR)