Liberty Global Plc - Class B Ordinary Shares (MM) (NASDAQ:LBTYB)
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5 Years : From Apr 2012 to Apr 2017
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.