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Hungarian case examined in probe into UGC takeover of NTL

Elmo · 2005-08-18 08:58:59

Irish Independent By Ailish O'Hora ________________________________________________________________ The Competition Authority is examining a case of abuse of dominant market position by a UGC company in Hungary as part of its investigation into the takeover of NTL Ireland by the telecoms giant. Back in 2003, the Hungarian…

18-08-2005 8:58am

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Elmo

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Irish Independent
By Ailish O'Hora
________________________________________________________________
The Competition Authority is examining a case of abuse of dominant market position by a UGC company in Hungary as part of its investigation into the takeover of NTL Ireland by the telecoms giant.

Back in 2003, the Hungarian Competition Office (GVH) fined UPC Hungary 40m forints, or Eur 152,000, for abusing its dominant market position in the cable market and the case has also emerged as part of the investigation here.

GVH found that the company was guilty of raising its prices by more than the rate of inflation.

The Competition Authority would not comment on the investigation yesterday.

As part of its submission to the Irish Authority, UGC has to outline its plans for the Irish cable market. UGC already owns cable firm Chorus and the Authority is also looking at the involvement of the firm's parent, Liberty Media International (LMI), with BSkyB. LMI is run by John Malone, who is also the chairman of Liberty Media Corporation (LMC). LMC in turn owns 18pc of News Corporation, which controls BSkyB - the owner of Sky Ireland.

NTL Ireland is currently owned by a subsidiary of UGC's investment bank Morgan Stanley pending the Authority's first phase investigation into the takeover.

The Authority has set itself a deadline of September 8 to complete the first phase investigation. It will decide then whether to proceed to a phase two investigation which would delay the merger for a further three months.

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