The European Union Commission Friday cleared the purchase of several French cable companies owned by France Telecom and Vivendi Universal by British private-equity firm Cinven Group Ltd., AP reported.
Cinven will own 50.01% of the combined cable businesses with 1.7 million subscribers, while Luxembourg-based cable operator Altice will own 10% and FT and Vivendi will each hold 20%, according to AP.
EU regulators said in a prepared statement that the deal "would not significantly impede effective competition,” AP reported.
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.