Vodafone's €18.4bn Liberty Global acquisition gets the go-ahead from Europe's top regulator
.jpg)
The European Commission has approved Vodafone's proposed acquisition of a string of Liberty Global telecommunication assets in Eastern Europe, according to an official release.
The €18.4 billion deal will see Vodafone become the largest provider of converged telecoms services in Europe, with 162.6 mobile, TV and fixed-line broadband customers spread across the continent.
As part of the deal, Vodafone Group will take possession of Liberty Global's operations in the Czech Republic, Hungary, Romania and Germany. The deal will expand Vodafone's European empire to 13 countries.
“With the European Commission’s approval of this transaction, Vodafone transforms into Europe’s largest fully-converged communications operator, accelerating innovation through our gigabit networks and bringing greater benefits to millions of customers in Germany, the Czech Republic, Hungary and Romania. This is a significant step toward enabling truly digital societies for our customers,” said Vodafone Group CEO Nick Read.
As part of the deal, and to help secure the necessary regulatory approval, Vodafone has agreed to provide wholesale access on its ultrafast German broadband network to Telefonica Deutschland.
Vodafone says that the acquisitions will create cost-saving synergies in the region of €6 billion after integration costs.
The deal is being hailed as a crucial step in Vodafone's expansion plans, with analysts saying that it highlights a renewed focus on convergence among Europe's biggest telcos.
"This deal has received regulatory approval despite reducing the number of national players in both the fixed-line and TV markets in Germany. For sure, this creates a far stronger rival to Deutsche Telekom across the region. Convergence is a key focus for many telcos but so far their track record in execution has been poor," said Paolo Pescatore, tech, media and telco at PP Foresight.
The transaction is now expected to complete in the 31st July 2019.
source totaltele
Industry: Telecommunications
Latest Jobs
-
- ForgeRock Consultant
- Spain
- Upto €85000 plus benefits
-
ForgeRock deployment consultant is needed for this expanding IT Services business within Spain, to act as their ForgeRock technical lead, Responsibilities include: High level and low level design, Scoping the techical needs of the project design, configure, develop and test the forgeRock deployment. We are looking for a strong IAM consultant ideally with ForgeRock experience, Must have strong Oauth 2.0, SAML and API experience
-
- IAM Consultant
- France
- Upto €85000 plus benefits
-
An Identity & Access Management Consultant is needed for an expanding IT Security consultancy, based in France. (Remote role with monthly office meet-ups) The Identity & Access Management Consultant will be responsible for the technical design and implementation of Identity & Access Management/IAM products for a wide variety of clients. Deliver bespoke end-to-end consultancy service to our clients, from gathering requirements through to implementation. Work in a close team designing, developing, and implementing first-class IAM solutions. Manage client relationships, working closely with key stakeholders to continually evaluate business requirements and ensure the highest quality solution delivery. If you are interested we are looking for an individual with Previous experience working within the IAM or CIAM field is essential, Strong knowledge with SAML and Oauth and ideally OpenID Previous experience from any of these technologies: One Identity, SailPoint, Saviynt, Ubisecure, Ping Identity, would be advantageous
-
- Ping Identity Support Consultant- IAM Support
- Madrid
- upto €60,000 plus benefits
-
As the Ping Support specialist, you would be part of a team focused on Single Sign On (SSO) / Federation and Multifactor authentication, protecting our clients from unauthorized access and cyberattacks. The position is to provide 2nd/ 3rd line support, for the following tech. SSO, Federation, Reverse Proxy infrastructure, Apache servers, and its associated components and applications To be responsible for the day to day operational support, performance, tactical lifecycle management, and continuous improvement of the respective IT infrastructure. We are looking for someone with strong SAML and OAuth Knowledge as well as experience supporting the Ping portfolio of solutions Identity, Access, Federate
-
- IAM Architect Ping Identity, Access Federate
- Stuttgart
- Up to €110,000 plus benefits
-
An experienced Ping Identity Architect is needed for this global brand who are looking for someone who wants to join a growing Cyber Security team. We are looking for a senior Architect who can be responsible for the full IAM portfolio, including overseeing all BAU work as well as being responsible for the future strategy and development of the IAM portfolio further development and strategy You will be responsible for ensuring all architectures and best practices within the architecture framework are maintained and developed We are looking for someone with a strong Ping background, in Ping identity, federate, and Access, you will have worked as a senior consultant or architect in previous roles and ideally have some team-leading experience You will have good knowledge of architectural principles and patterns and their implementation into system and software design Experience in handling container technologies, cloud technologies, CI/CD (DevOps) and LDAP