A PYMNTS Company

EU: Telia offers concessions over Bonnier deal

 |  August 13, 2019

Swedish telecoms operator Telia has offered concessions to try to address EU antitrust concerns over its US$957 million bid for Bonnier Broadcasting, the European Commission stated on Tuesday, August 13.

Telia put in its proposals on Monday, a filing on the EU competition watchdog’s website showed. The Commission, which did not provide details in line with its policy, will now seek feedback from rivals and customers. It has set a November 19 deadline for its decision.

Telia offered concessions in April, but these were rejected as insufficient. For telecoms deals, the Commission typically demands providers sell assets to reinforce a smaller rival or grant competitors access to their network.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.