Prolonged review of TeliaSonera’s acquisition of Tele2 in Norway

The Norwegian Competition Authority prolongs its review of TeliaSonera’s acquisition of the Norwegian operations of Tele2. The negotiations continue now, and...

The Norwegian Competition Authority prolongs its review of TeliaSonera’s acquisition of the Norwegian operations of Tele2. The negotiations continue now, and the new deadline is December 1.

“As usual with major acquisitions, there is a thorough dialogue with the competition authority. TeliaSonera takes every effort to have the transaction completed and to allow the market to continue functioning in a sound manner. We have therefore made further commitments to ensure competition,” says Robert Andersson, head of TeliaSonera’s region Europe.

TeliaSonera announced in July that it acquires Tele2’s Norwegian operations for SEK 5.1 billion. At the same time, the company committed itself to 98 percent population coverage in Norway by the end of 2016, two years ahead of the requirements – provided that the acquisition is approved by the Competition Authority. The faster roll-out of 4G is enabled by the economies of scale resulting from the acquisition of Tele2 Norway.