Telia won conditional EU antitrust approval on Tuesday, November 12, for its US$957 million bid for Bonnier Broadcasting, a deal the Swedish telecoms firm hopes will help it better compete with the likes of Netflix and Amazon.
The European Commission stated Telia had offered a series of concessions to address its concerns, including media plurality in Sweden and Finland, Reuters reported.
“This acquisition creates a strong Nordic player who can compete with international corporations who are very active in the Nordics,” Telia chairman Marie Ehrling said in a statement.
Telia pledged to offer rivals fair, reasonable and non-discriminatory access to its free-to-air and basic pay TV channels, as well as to premium pay TV sports channels in Sweden and Finland, the EU competition enforcer said.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI