Vodafone Gets EC Nod For $10B Kabel Deutschland Buyout

Law360, New York (September 20, 2013, 1:28 PM EDT) -- Europe's competition watchdog on Friday cleared Vodafone Group PLC's proposed €7.7 billion ($10.4 billion) takeover of Kabel Deutschland, effectively sealing the buyout days after the British mobile carrier said it had nailed down enough shareholder support to push the deal forward.

The tie-up would give a major boost to Vodafone's plans to expand its fixed-line operations across Europe, building on an existing asset base in Germany — a country that has emerged as the region's showpiece economy, particularly in the telecommunications sector.

In light of increased...
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