Vodafone won EU approval on Friday for its 7.7 billion euro ($10.43 billion) acquisition of Germany's largest cable company, Kabel Deutschland
British group Vodafone - the world's second-largest telecoms operator - announced the deal in June, which will help the company to fend off rivals in its most important market.
"While Kabel Deutschland primarily offers cable TV, fixed line telephony and Internet access services, Vodafone's core busines consists of mobile telephony services EU Com
"While Kabel Deutschland primarily offers cable TV, fixed line telephony and Internet access services, Vodafone's core business consists of mobile telephony services," EU Comission added.
Vodafone, which this month agreed the sale of its stake in U.S. operator Verizon Wireless for $130 billion, wants to buy Kabel Deutschland to offer more television and fixed-line services in Germany, its largest European mobile market.
The British company last week said earlier this week it had secured 76.48 percent of Kabel Deutschland shares, which is above the 75 percent minimum acceptance condition it had set.
So-called "quad-play" services offering TV, broadband, mobile and fixed-line telephony have caught on rapidly in markets such as France and Spain, but the largely fragmented German cable market is still some way behind.
Source: Reuters
