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Vodafone to boost converged services by acquiring UPC Romania

Vodafone Group Plc has agreed to acquire Liberty Global's operations in Romania, Germany, Czech Republic and Hungary, for a total enterprise value of 18.4 billion Euro as part of a major investment in convergence across its European footprint.

2018-05-09 10:30:58

The combination of Vodafone Romania and UPC Romania will enable the customers of both companies to access a converged bundle of mobile, broadband, and TV, as well as enterprise services. The transaction will not include UPC Romania's satellite TV business, Focus Sat.

Vodafone Romania is the second largest mobile provider, while UPC Romania is the second largest NGN operator in Romania, with 3.1 million homes passed (41% of total households).

The combined company will be able to offer interactive TV services, broadband internet and fixed-line telephony services, as well as mobile, to Vodafone Romania's 9.9 million mobile customers and UPC Romania's 2.1 million fixed revenue generating units. The combined company will have a total communications revenue market share of 25 per cent.

It is expected that the transaction will be subject to review and approval by the European Commission. Vodafone anticipates that completion will take place around the middle of calendar year 2019.



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