Com Hem-Canal Digital cable bid dropped

11.05 Europe/London, December 16, 2011 By Julian Clover

Plans for Com Hem to acquire the Swedish cable TV interests of Canal Digital have been abandoned.
It follows the November 24th decision by the competition authority (Konkurrensverket, KKV) that came out against the purchase. On Tuesday Com Hem wrote to the authority, arguing that because the 2006 acquisition by Com Hem of UPCís Swedish cable interests, this too given the green light. The cablenet also said the KKV should have looked at the market as a whole, including DTH, DTT, and particularly IPTV, rather than the cable market alone.
Canal Digital has confirmed the transaction will no longer proceed with the transaction. Instead it will be sold to sister company Telenor Sweden.
Last month, in a near-reversal of a previous deal cablenet Stofa purchased part of Canal Digitalís Danish cable business.