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
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

EU opens anti-trust probe into Qualcomm


Feedback to editors