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Nov 11, 2014 10:27 AM CET

Prolonged review of TeliaSonera's acquisition of Tele2 in Norway

The Norwegian Competition Authority today announced that it extends its review of TeliaSonera's acquisition of Tele2's Norwegian operations. Negotiations are now continuing with a new time limit, December 1, 2014.

TeliaSonera’s purchase of Tele2’s Norwegian operations for SEK 5,3 billion, was announced in July 2014. The transaction is subject to regulatory approval from the Norwegian Competition Authority, which is anticipated at the latest first quarter of 2015. Tele2 welcomes today’s announcement by the Competition Authority. It is a comprehensive transaction with several aspects to take into consideration, which requires time.