Telekom, NetCologne To Challenge Kabel BW Takeover Approval -Report

Date : 01/31/2012 @ 6:50AM
Source : Dow Jones News
Stock : Liberty Global Plc - Class B Ordinary Shares (MM) (LBTYB)
Quote : 32.9  -2.1 (-6.00%) @ 4:00PM

Telekom, NetCologne To Challenge Kabel BW Takeover Approval -Report

Liberty Global Plc - Class B Ordinary Shares (MM) (NASDAQ:LBTYB)
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Deutsche Telekom (DTE.XE) and telecommunications services company NetCologne GmbH will challenge the German Federal Cartel Office's decision to approve Liberty Global Inc.'s (LBTYA) takeover of German cable-network operator Kabel Baden-Wuerttemberg, or Kabel BW, domestic newspaper Boersen Zeitung reports Tuesday, citing the regulator and Deutsche Telekom.

The German antitrust authority confirmed that the companies have filed a complaint at a higher regional court, says the report.

Deutsche Telekom confirmed that it has filed a complaint, saying the conditions accepted by the regulator aren't sufficient to ensure a competitive market, the report says.

The concessions offered by Liberty Global to get the transaction approved grant housing associations the right to terminate longer-term contracts held with Unitymedia and Kabel BW.

Deutsche Telekom and NetCologne recently entered a network sharing deal for fast Internet connections, through which Deutsche Telekom has agreed to use NetCologne's fiber-optic network, while NetCologne will use Deutsche Telekom's high-speed VDSL network in the Nordrhein-Westfalen region.

Newspaper website: www.boersen-zeitung.de

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.

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