RE: Danielh3 Dec 2018 22:06
Thank you Jack,
You (and other readers) may find the article below (May 2018) interesting if you have not seen it before. It relates to the Vod Liberty anti trust polarity issues - pan european and german domestic. And as you point out, the timing is coincident with UK domestic politic and decision making on 11 December.
Extract
......'the antitrust decision about the acquisition of several assets of Liberty Global by Vodafone will be a real dilemma for the competent offices of the European Commission, aka the Competition Directorate (“DG COMP”)lead by the Danish commissioner Margaret Vestager. During the current mandate, DG COMP offices have been religiously clear in setting the principles of their merger policy for the telecom sector: while consolidation is more than welcomed amongst business operating in different European countries, so has they may create pan-European players, by contrast sole-domestic mergers are attentively scrutinized and in several cases even prohibited or subject to heavy remedies.
The Vodafone-Liberty Global transaction is a dilemma because both features, domestic and cross-border consolidation, are present in the same transaction and you may look at it from different point of view: Vodafone will acquire Liberty Global’s assets in Germany and various Eastern countries (Czech Republic, Hungary and Romania), however it is in Germany that the transaction really matters and will need the highest antitrust scrutiny. This is the reason why Deutsche Telekom, the main opposer to the transaction, will fiercely sustain the view that this transaction is a domestic merger disguised by pan-European consolidation.....'
https://radiobruxelleslibera.com/2018/05/21/the-vodafone-liberty-global-merger-in-germany-the-antitrust-chances-pro-contra/
Best regards
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