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Norway: Tele2 strikes a deal with authorities for TeliaSonera buy

 |  October 1, 2014

Tele2 has offered to divest assets to a smaller rival if Norway’s Competition Authority approves of a planned takeover, say reports.

Tele2 is seeking approval to be acquired by rival TeliaSonera, based in Sweden, and announced Wednesday that it has offered to sell infrastructure to local rival Ice if the Authority clears the deal. The concessions also include a six-month spectrum lease deal, reports say.

TeliaSonera agreed to acquire Tele2 last July for more than $600 million. The move would take Tele2 out of Norway, which reports say investors expected after the company lost out on LTE spectrum at last December’s government auction. The company has been in limbo ever since.

But competition authorities are closely analyzing the deal as Tele2’s departure will leave the nation with just two main competitors.

Full content: Total Telecom

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