The British group Vodafone has confirmed that it will take over Liberty Global cable networks in several European countries, including Romania. Thus, Vodafone Group has bought the shares of Liberty Global in Romania, Germany, Czech Republic and Hungary in a transaction worth EUR 18.4 billion, capital.ro informs.
Vodafone will thus take over UPC Romania cable network operator. The information was published by the Wall Street Journal and has been confirmed by UPC and Vodafone.
‘The entity following the acquisition will allow Vodafone and UPC Romania customers to access convergent mobile, broadband internet and TV services as well as dedicated services to legal persons. The transaction will not include the UPC Romania satellite television operations, Focus Sat,’ Vodafone Romania informs, quoted by hotnews.ro.
The company will provide interactive TV, broadband internet and fixed telephony services as well as mobile services to the Vodafone Romania 9.9 million mobile customers and to the 2.1 million customers of UPC Romania fixed service subscribers. The company thus created will have a 25% market share by total revenues.
Discussions have been ongoing for a few months. In Romania, Vodafone, the second largest local mobile operator, would need the UPC fixed services, the second largest cable operator, to provide converged fixed-mobile services and to compete with the other large operators, the same source informs.
Following this acquisition, Vodafone will have one of the largest next generation network infrastructures in Europe, with 54 million households connected to the cable/fibre network and an overall NGN coverage of 110 million households and companies, including by partnerships with other operators, becoming this one of the largest suppliers of telecommunication fixed services in Europe with convergences for natural persons and legal persons.