Liberty Global: EU clears creation of joint venture
(CercleFinance.com) - Under EU Merger Regulations the European Commission has cleared the creation of a joint venture between Liberty Global (UK) and Fluvius System Operator CV (Fluvius) (Belgium).
The joint venture, called NetCo, will combine all relevant fixed electronic communications network infrastructures currently owned or used by Liberty Global's subsidiary Telenet BV and Fluvius. In addition, NetCo will continue to deploy and operate a hybrid fiber coaxial (HFC)/fiber-to-the-premises (FTTP) network within Telenet's geographical footprint in Flanders (Belgium).
Liberty Global is an international convergent Internet, video, fixed telephony and mobile communications services company. Telenet is a cable and mobile network operator in Belgium. Fluvius is a public multi-utility network operator in Flanders, also operating a limited FTTP network and providing limited business connectivity services.
The Commission concluded that the proposed transaction would not give rise to any horizontal competition concerns.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The joint venture, called NetCo, will combine all relevant fixed electronic communications network infrastructures currently owned or used by Liberty Global's subsidiary Telenet BV and Fluvius. In addition, NetCo will continue to deploy and operate a hybrid fiber coaxial (HFC)/fiber-to-the-premises (FTTP) network within Telenet's geographical footprint in Flanders (Belgium).
Liberty Global is an international convergent Internet, video, fixed telephony and mobile communications services company. Telenet is a cable and mobile network operator in Belgium. Fluvius is a public multi-utility network operator in Flanders, also operating a limited FTTP network and providing limited business connectivity services.
The Commission concluded that the proposed transaction would not give rise to any horizontal competition concerns.
Copyright (c) 2023 CercleFinance.com. All rights reserved.