The European Commission has cleared Liberty Global’s €17.2 billion acquisition of UK operator Virgin Media.
The deal, which was first mooted in February this year, brings together the second largest Pay TV operator in the UK and the largest cable operator in Europe.
In a statement, the EC said its investigation “confirmed that the transaction would not raise competition concerns, in particular because the parties operate cable networks in different Member States and because of the merged entity's limited market position in the wholesale of TV channels in the UK and Ireland”.
Liberty owns consumer cable brands such as Telenet, Unitymedia and UPC in 10 EU countries, not including the UK.
The US-based company also owns content production business Chellomedia.
News of the deal comes a month after Telefonica UK announced it was selling its O2 and BE consumer broadband and fixed-line telephony business to British Sky Broadcasting Group.
Virgin Media supplies broadband, TV, mobile and fixed-line telephony services to customers in the UK.
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