EU Clears Liberty Global EUR1.3 Billion Acquisition of Mobile-phone Operator Base
February 04 2016 - 6:27AM
Dow Jones News
By Natalia Drozdiak
BRUSSELS--The European Union on Thursday said it has approved
Liberty Global PLC's 1.3 billion euro ($1.43 billion) purchase of
Belgian mobile-phone operator Base Company NV as the parties are
offering to sell part of their customer base to a new virtual
mobile operator.
Liberty Global has offered to sell Base's share in mobile
virtual network operator Mobile Vikings to Belgian broadcaster
Medialaan, said the European Commission, the bloc's top antitrust
regulator.
Liberty Global will also transfer part of Base's customer base
to the broadcaster, it added.
"We have made sure that Liberty Global's merger with Base will
not reverse the trend of declining mobile prices in Belgium in
recent years," said EU antitrust chief Margrethe Vestager.
Write to Natalia Drozdiak at natalia.drozdiak@wsj.com
(END) Dow Jones Newswires
February 04, 2016 06:12 ET (11:12 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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