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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 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