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EU General Court dismisses Deutsche Telekom's challenge to Vodafone-Liberty deal
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EU General Court dismisses Deutsche Telekom's challenge to Vodafone-Liberty deal
Nov 13, 2024 1:58 AM

BRUSSELS, Nov 13 (Reuters) -

The EU General Court dismissed a case brought by Deutsche

Telekom and some others on Wednesday, upholding a

decision in a lower court that allowed an acquisition by

Vodafone ( VOD ) of some Liberty Global ( LBTYA ) assets to go forward.

Vodafone ( VOD ), one of the world's largest mobile operators,

agreed in 2018 to pay $22 billion for Liberty Global's ( LBTYA ) cable

networks in Germany and eastern European markets to challenge

the dominance of former monopolies like Deutsche Telekom.

Rivals said they were concerned the deal would hurt

competition in Germany and the Czech Republic, but the European

Commission concluded that the two companies were not competitors

and the acquisition would not affect competitive conditions.

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