Norway’s competition watchdog has green-lighted TeliaSonera, nation’s second largest mobile operator’s acquisition of Tele2. They had announced plans to acquire smaller rival Tele2 for $700 million in July last year.
The Norwegian regulator, the Competition Authority leading had some objections leading TeliaSonera to offer remedial measures designed to allay competition fears. The authority extended the deadline for its final assessment of the deal until this Thursday, when it announced it has now decided to let the merger go through.
To counter the watchdog’s concerns that the acquisition would lead to higher prices and less competition, TeliaSonera offered a number of commitments. TeliaSonera will sell some of its mobile network infrastructure to ICE. They will also sign a deal with ICE of offer roaming and other wholesale services.
Full Content: TeleGeography
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 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