Norway’s antitrust regulator has reportedly issued a statement of objections to TeliaSonera against its proposed acquisition of Tele2.
The Norwegian Competition Authority voiced its objection to the $687 million purchase on grounds the deal would merge two of the nation’s three largest wireless operators. The deal could significantly harm competition in an already concentrated market, the authority said, adding that a final decision on the acquisition has not yet been made.
In a statement, the regulator’s Diretor General Christine Meyer said that the Authority is concerned “the acquisition will harm the competition climate.”
”The result is likely to be higher prices and lower quality for consumers,” the official said.
An acquisition of Tele2 would place about 40 percent of the wireless market in the hands of TeliaSonera. The deal would also pit TeliaSonera against market leader Telenor, the nation’s largest mobile carrier.
TeliaSonera has reportedly offered concessions on the deal, and the Authority is slated to deliver a final ruling by January 15.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Business Secretary Calls for More Agile Competition Regulator
Feb 13, 2025 by
CPI
Germany’s Antitrust Regulator Raises Concerns Over Apple’s App Tracking Policies
Feb 13, 2025 by
CPI
$60 Billion Nissan-Honda Merger Falls Apart
Feb 13, 2025 by
CPI
DOJ Moves to End Protections for Three Regulatory Agencies
Feb 13, 2025 by
CPI
Meta to Allow Rivals to List Ads on Facebook Marketplace Following EU Fine
Feb 13, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon