European Commission approves the transaction between Vodafone Group and Liberty Global

Vodafone Romania welcomes the European Commission’s approval of Vodafone’s acquisition of UPC’s local businesses. This is part of a 18.4 billion Euro transaction between Vodafone Group and Liberty Global, through which Vodafone Group takes over UPC’s assets in Germany, Czech Republic, Hungary and Romania. The transaction is expected to complete by 31 July.

Murielle Lorilloux, CEO of Vodafone Romania: “For Vodafone Romania, this is a major step towards becoming a consolidated, convergent operator, which will be able to offer best in class fixed & mobile communications, internet and TV services. We are all very excited to welcome UPC into the Vodafone family in the next weeks and we are confident that, together, we will bring greater contributions to the communications and technology sector, placing Romania on an ascending path to digitization.”

Mihnea Rădulescu, CEO of UPC Romania: “This is an important moment in the history of our company, as we will be joining a very strong European operator following the European Commission approval. After completion of the transaction, joining Vodafone and UPC operations will bring significant benefits to all customers and the entire telecommunications industry, by accelerating innovation and competitiveness. We are looking forward to working together with Vodafone and uniting our forces to create a strong and reliable telecommunications company.”