Telenor and TeliaSonera withdraw from merger in Denmark
(Thomson Reuters ONE) -
(Fornebu, 11 September 2015) Telenor and TeliaSonera today announce the
withdrawal of the proposed merger of their respective business units in Denmark.
The companies have not been able to agree with the European Commission on
acceptable conditions to go ahead with their plan to create a robust mobile
operator.
In December last year, Telenor and TeliaSonera reached an agreement to merge
their Danish operations. The new joint venture would have created a mobile
operator that would be able to increase investments in networks and technology,
to the benefit of the Danish customers.
"Since the beginning, we have been strong advocates for the need to increase
investment levels in Denmark. In our view, creating a market player with the
scale and ability to compete and invest would ensure that customers and
businesses would benefit from better quality, speed and coverage," says Robert
Andersson, Executive Vice President and Head of Region Europe in TeliaSonera.
However, the merger discussions have now reached a point where it is no longer
possible to gain approval for the proposed transaction.
"In the interests of both companies, we felt it necessary to act decisively.
Telenor and TeliaSonera will continue to compete and deliver products and
services in the Danish market through our respective original, and still fully
up-and-running Danish operations," says Kjell Morten Johnsen, Executive Vice
President and Head of Telenor Region Europe.
Telenor and TeliaSonera now continue to review the strategic options in the
Danish market.
Contact:
Severin Roald:
SVP and Head of Group Communications
Mobile: +47 920 30 033
severin.roald(at)telenor.com
Meera Bhatia:
Communcations Manager
Telenor Group
+47 468 44 959
meera.bhatia(at)telenor,com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Telenor via GlobeNewswire
[HUG#1951250]
Unternehmensinformation / Kurzprofil:
Datum: 11.09.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 419451
Anzahl Zeichen: 2549
contact information:
Town:
OSLO
Kategorie:
Business News
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