Liberty Global remarks on European Commission announcement

The European Commission announced that it is moving forward to a Phase 2 review of Vodafone´s acquisition of Liberty Global´s business in Germany, Hungary, Romania and the Czech Republic, the company said.

With the expected launch of this new phase, the European Commission is retaining regulatory authority over the case and the transaction remains on track for approval by mid-2019.

Mike Fries, Liberty Global´s CEO, stated, “This is welcome and expected news from the European Commission.”

Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is an international TV and broadband company, with operations in 10 European countries under the consumer brands Virgin Media, Unitymedia, Telenet and UPC.