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EU: Regulators to warn Telenor, TeliaSonera about deal

By  |  June 22, 2015

EU antitrust regulators will this week warn Norwegian telecoms company Telenor and Sweden’s TeliaSonera about the adverse impact of their plan to combine forces in Denmark, two people familiar with the matter said on Monday.

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    Telenor and TeliaSonera are seeking to boost margins in their toughest market by merging their Danish mobile activities, allowing them to better compete with former incumbent TDC and Hutchison Whampoa’s majority owned Hi3G.

    The EU warning, in a charge sheet known as a statement of objections, is likely to put pressure on the companies to offer concessions to get the deal through.

    Such a warning however usually paves the way for the EU competition enforcer to veto a proposed merger unless companies can head off the concerns or offer concessions.

    Full content: Reuters

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