Deals
Vodafone Says Liberty Deal on Track as EU Focuses on Germany
- Still sees approval mid-year after EU statement of objections
- EU can extend its current June 3 deadline to decide on deal
Photographer: Jason Alden/Bloomberg
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Vodafone Group Plc is sticking to its timeline for completing a $20.6 billion takeover of Liberty Global Plc’s cable assets in eastern Europe and Germany even as European regulators issued a so-called statement of objections cataloging concerns about the deal.
“We still expect to receive final approval in the middle of this year,” Vodafone said in an emailed statement on Tuesday. The U.K. mobile-phone company will review the submissions “and continue our constructive dialog” with the European Commission, it said.