TeliaSonera, Telenor scrap merger of Danish units

Telecom operators TeliaSonera and Telenor have abandoned a proposed merger of their Danish operations due to concerns by European Union regulators that it would stifle competition.

The Swedish and Norwegian companies said Friday in a joint release they were unable to agree with the EU's executive Commission "on acceptable conditions" to create "a robust mobile operator" in Denmark based on a deal agreed on in December.

EU Competition Commissioner Margrethe Vestager said in a separate statement that discussions with the parties on the "were not able to fully address the Commission's competition concerns".

She added: "What the parties offered was not sufficient to avoid harm to competition in Danish mobile markets."

TeliaSonera and Telenor said they would review other options to co-operate in the Danish telecoms market.

© 2015 The Associated Press. All rights reserved.

Citation: TeliaSonera, Telenor scrap merger of Danish units (2015, September 11) retrieved 24 June 2024 from https://phys.org/news/2015-09-teliasonera-telenor-scrap-merger-danish.html
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