Liberty Global offers further concessions in BASE buyout

30 Oct 2015

Multinational cable TV group Liberty Global has offered to make further concessions in order to gain regulatory approval for its proposed EUR1.3 billion (USD1.4 billion) buyout of Belgian mobile operator BASE Company. European Commission (EC) competition authorities are currently reviewing the planned acquisition to see if there will be any negative effects on competition in the country’s telecoms sector, where BASE is the smallest of the three mobile network operators and Liberty Global subsidiary Telenet is the largest cable operator and also the biggest MVNO. Liberty Global has not disclosed exactly what concessions it is offering, though Reuters quotes company spokesperson Marcus Smith as saying: ‘We confirm we are in constructive dialogue with the EU Commission and we are confident of obtaining clearance in due course.’ The EC recently blocked a proposed merger between two telcos in Denmark on competition grounds.

Belgium, BASE Company, Liberty Global (incl. LGI), Telenet (incl. BASE)