September 25, 2013 08.56 Europe/London By Julian Clover
Kabel Deutschland is dropping its appeal against the competition ruling preventing it from acquiring the Tele Columbus Group.
KDG had sought to rescue its €600 million deal to acquire Germany’s third largest cable network.
Kabel Deutschland had started proceedings at the Higher Regional Court of Düsseldorf against the Bundeskartellamt after its ruling to sell most of the Tele Columbus assets in the Eastern part of the country.
Tele Columbus has 1.6 million TV customers, of which three-quarters are in the East. If the deal should go ahead, the housing associations would have no alternative but to get their signals from KDG.
The decision follows the acquisition of KDG by mobile operator Vodafone.