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Europe: UPC parent company Ziggo may take over
Liberty Global, the American parent company of UPC, Ziggo can take over. That the European Commission has decided. There were concerns about competition, but Liberty Global has made commitments to take it away.
Ziggo By fiat of the European Commission has made it likely that the two largest cable operators in the Netherlands together. That would be a megakabelaar occur in 90 percent of the Netherlands has coverage. The shareholders of the listed company Ziggo must still approve the acquisition; they have until early November, the time to deliver their shares. If at least 80 percent of the shares has been surrendered, the takeover. That would be the acquisition to be completed. Before the end of the year
Liberty Global was already known that UPC and Ziggo will be merged. Named Ziggo after the acquisition to one provider It is not yet known how fast it will happen; Liberty Global could not yet say Friday afternoon.
Although UPC and Ziggo not compete directly with each other – each area has basically one cable company – lived still provide the competition. Thus, broadcasters and public broadcasters and RTL, paid for the transfer, after the takeover a much more powerful partner opposite him look at the negotiating table. By cable operators
To get the acquisition approved Liberty Global has promised to its pay-TV channel Film1 sell. The European Commission was concerned that Liberty Global would receive too large a position in the market: Ziggo is indeed behind the Dutch branch of Movie1 competitor HBO. Together the stations have too much power against the makers of films and series.
In addition, Liberty Global to promise that it will hold. Enough network capacity for competitive services like Netflix available Liberty Global also will the coming eight years no longer require couples to broadcasters who passes through its TV package about setting up their own streaming services. At present, the public broadcaster for example, agreements on the transfer quality Uitzendinggemist on the Internet, said a source in front Tweakers. The quality thereof is lower, in order to keep the cable. Vent satisfied Incidentally Liberty Global denies that to happen.
The acquisition of Ziggo in January announced . Liberty Global had last year 28.5 percent of Ziggo in hands. In October last year, has already made a bid, but was repulsed by Ziggo, because the provider did not bid high enough. After that negotiated the two cable companies over a new takeover bid.Viewing:-193
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