BRUSSELS, July 15 U.S. cable company Liberty
Global has offered concessions to head off European Union
regulatory concerns over its proposed bid for Dutch peer Ziggo
, the European Commission said on Tuesday.
The deal, which values Ziggo and its debt at around 10
billion euros ($13.64 billion), triggered an in-depth
investigation by the Commission in May, concerned that it would
reduce competition in the Dutch pay TV and telecoms markets.
Liberty Global submitted its concessions on Monday, the EU
antitrust watchdog's website showed. The Commission is now
expected to seek third parties' feedback. The EU deadline for a
decision on the deal is Oct. 17.
Liberty Global, controlled by billionaire John Malone, is
seeking to expand its cable empire in Europe where it makes the
bulk of its revenues. Ziggo offers TV, fixed Internet access and
fixed telephony services in the Netherlands.
($1 = 0.7331 Euros)
(Reporting by Foo Yun Chee; editing by Robin Emmott)