Telenor and TeliaSonera comments on European Commission Statement of Objections
The European Commission has today taken the next step in the investigation into the proposed merger of TeliaSonera and Telenor’s operations in Denmark by addressing a ”statement of objections” to the two companies. A statement of objections is an ordinary event in the context of a merger of this type.
Contrary to the concerns raised in the statement of objections we firmly believe the merger will ultimately be beneficial for competition and Danish consumers. We will continue in a constructive dialogue with the Commission to make sure all concerns are properly addressed.
We remain committed to the Danish market but have also realized that a fundamental change is needed. Competition in the Danish mobile market is fierce and will remain so in the future. Combining Telia and Telenor in Denmark is about creating a company with the scale and the capacity to better invest and compete on price, quality and innovation.
Delivering on this requires investments and if we look back on recent years this has been a challenge. The status quo would lead to a continued drop in investment. We want to create a healthy and profitable company that has the necessary resources to invest in Denmark. It’s first and foremost about providing the best possible experience for our customers, and the businesses that rely on us every day.
Investments in networks and technology demonstrate clear benefits for consumers and businesses, supporting an ever more connected society which demands better speed, quality and security in a competitive market. All of which we firmly believe are strengthened with our new organization in Denmark.
We remain confident that the merger will be approved during the second half of 2015.