The Norwegian Competition Authority has given its preliminary view of the agreement between Tele2 Norway and TeliaSonera. - Tele2

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Dec 1, 2014 12:10 PM CET

The Norwegian Competition Authority has given its preliminary view of the agreement between Tele2 Norway and TeliaSonera.

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm Exchange: TEL2 A and TEL2 B). Today, the Norwegian Competition Authority gave its preliminary view through a statement of objection to TeliaSonera/NetCom’s acquisition of Tele2 Norway. The statement will now be given to the parties that need to provide their comments by the 22th of December. Based on the comments, the Competition Authority will make a new evaluation before giving a final decision. 

Mats Granryd, President and CEO of Tele2 AB, comments: “We are concerned regarding the statement from the Norwegian competition authority to reject the transaction between Tele2 Norway and TeliaSonera, despite significant remedies offered to the third network operator in the country. This will potentially jeopardize the creation of a dynamic mobile market in Norway with two strong competitors to the incumbent.”

As a next step, Tele2 will together with TeliaSonera evaluate the statement from the Competition Authority and respond with appropriate actions.

For more information, please contact:
Lars Torstensson, EVP Corporate Communication and Strategy, Tele2, Phone: +46 702 73 48 79.

TELE2 IS ONE OF EUROPE'S FASTEST GROWING TELECOM OPERATORS, ALWAYS PROVIDING CUSTOMERS WITH WHAT THEY NEED FOR LESS. We have 14 million customers in 9 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services and content services. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since 1996. In 2013, we had net sales of SEK 30 billion and reported an operating profit (EBITDA) of SEK 6 billion.

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