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Report: EU to address competition concerns over Vodafone, Liberty Global deal

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Report: EU to address competition concerns over Vodafone, Liberty Global deal

European Union antitrust regulators are anticipated to notify Vodafone Group PLC of potential competition concerns over the London-based telco's planned acquisition of Liberty Global PLC's German and Eastern Europe assets, Reuters reported, citing sources.

The communication is expected to be relayed to Vodafone before the June 3 deadline for EU's approval to the deal. Vodafone is likely to offer concessions to allay EU's concerns.

Liberty Global plans to sell its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone for approximately €18.4 billion.

Deutsche Telekom AG CEO Timotheus Höttges previously spoke out against the deal saying it would create a monopoly in the cable market and bring a "national challenger" to Deutsche Telekom.

In response, Liberty Global President and CEO Mike Fries said the industry needs a "proper challenger," adding that the combination would force "investment and innovation" in a market where it "hasn't really occurred."