Reuters: Regulatory News: German watchdog to closely examine cable market consolidation

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German watchdog to closely examine cable market consolidation Jun 26th 2013, 08:43 BONN, Germany, June 26 | Wed Jun 26, 2013 4:43am EDT BONN, Germany, June 26 (Reuters) - The German cartel office said it would have to examine very closely further consolidation plans in the country's cable market, which is currently witnessing a takeover battle for Kabel Deutschland. The 3.16 billion euro ($4.13 billion) takeover of smaller peer Kabel BW by Liberty Global was approved in 2011 only under far-reaching remedies, Andreas Mundt, head of the watchdog, said at a press conference on Wednesday. On Monday Vodafone agreed to buy Germany's largest cable operator Kabel Deutschland for 7.7 billion euros, beating Liberty Global, which could still return with a higher bid. A spokesman for the cartel office had said on Monday the German watchdog would likely be responsible for examining the deal between Vodafone and Kabel Deutschland.

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