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Liberty Global, Vodafone win EU conditional approval for Dutch tie-up

Reuters - UK Focus

BRUSSELS, Aug 3 (Reuters) - The European Commission has authorised on Wednesday a joint venture in the Netherlands between British telecoms firm Vodafone and U.S (Other OTC: UBGXF - news) . cable operator Liberty Global (NasdaqGS: LBTYA - news) in exchange for concessions.

The EU executive gave its approval conditional on Vodafone selling its consumer fixed line business in the Netherlands, the Commission said in a statement.

"The divestment offered by Vodafone fully addresses these concerns, allowing the Commission to clear this telecoms merger in Phase I," the Commission said.

Brussels also rejected a request to refer the assessment of the transaction to the Dutch competition authority.

The decision confirms what was exclusively reported by Reuters last week. (Reporting by Francesco Guarascio)