Vodafone Group has announced it has signed a cable wholesale agreement with Telefonica Deutschland, in order to help secure EC approval for its EUR19.0 billion (USD21.3 billion) acquisition of Liberty Global’s assets in Germany, the Czech Republic, Hungary and Romania. The deal will allow Telefonica Deutschland to market broadband services to consumers over the combined Vodafone and Unitymedia cable network in Germany, which covers 23.7 million households. Following discussions with the EC, Vodafone has submitted a remedy package comprising the cable wholesale agreement and a commitment to ensure sufficient capacity is available for OTT TV distribution. Brussels now intends to undertake market testing of the remedy package, and to adopt its decision on the overall transaction by July 2019 with completion occurring later that month.
‘Our deal with Liberty Global is transformational in many ways. It is a significant step towards a Gigabit society, which will enable consumers & businesses to access the world of content & digital services at high speeds. It also creates a converged national challenger in four important European countries, bringing innovation & greater choice,’ noted Nick Read, CEO of Vodafone Group, adding: ‘We are very pleased to announce today our cable wholesale access agreement with Telefonica Deutschland, enabling it to bring faster broadband speeds to its customers and further enhancing infrastructure competition across Germany.’