Telecel Zimbabwe in USD70m investment drive

Dow Jones Newswires reports that the Swedish Competition Authority has decided to go to court to block Sweden’s largest cableco Com Hem from completing its proposed purchase of Scandinavian broadcaster and ISP Canal Digital’s cable TV operations, on the grounds that the deal would create an operator with too big a slice of the Swedish CATV market. According to the anti-monopoly agency, triple-play operator Com Hem currently controls around 60% of the Swedish cable TV market, and the acquisition would increase this share to above ‘68% of the market for houses with multiple tenants’, and concluded that this would result in a risk of price increases or deterioration of the company’s product offering. [More]

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