Preliminary notice of TeliaSonera's acquisition of Tele2 Norway
The Norwegian Competition Authority, Konkurransetilsynet, has today announced objections to TeliaSonera’s acquisition of Tele2's Norwegian operations. TeliaSonera will now analyze the Authority’s objections and respond to it by December 22.
“We and Konkurransetilsynet make different assessments of what is good for competition and how that affects the customers. Now we will analyze their objections carefully and then continue the dialogue,” says Robert Andersson, Head of region Europe at TeliaSonera.
TeliaSonera has until December 22 to respond to Konkurransetilsynets’ objections. Subsequently, the Authority will make a further valuation based on the parties' comments.
TeliaSonera announced in July its intention to buy Tele2 Norway for SEK 5.1 billion. At the same time TeliaSonera committed itself to 98 percent population coverage for 4G by 2016, two years earlier than required - provided that the acquisition is approved by the Competition Authority. Faster roll out of 4G will be possible by the synergies created by the acquisition of Tele2 Norway.