BRUSSELS/LONDON: Brussels gave its blessing to Vodafone's US$22 billion purchase of Liberty Global's cable networks in Germany and central Europe, clearing the way for the British company to become Europe's largest mobile, broadband and TV provider.
Commissioner Margrethe Vestager said the approval was subject to remedies designed to ensure that customers will continue enjoying fair prices, high-quality services and innovative products. Nick Read, Vodafone's chief executive, has described the deal as transformational for the four markets of Germany, Hungary, Czech Republic and Romania, offering high speeds for consumers and renewed competition among operators.
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