Jun 12, 2018 4:47 PM CET
Stockholm – Tele2 AB (Nasdaq Stockholm: TEL2 A and TEL2 B): The European Commission (EC) has today announced its decision to initiate a Phase II investigation into the merger of Tele2 Netherlands (Tele2 NL) and T-Mobile Netherlands (TMNL). This is as expected and is in line with the joint guidance from Tele2 NL and TMNL that the transaction will close during H2 2018.
In partnership with T-Mobile, Tele2 is having constructive discussions with the EC and will continue to work closely to obtain clearance. The EC now has 90 working days to reach a final decision on the compatibility of the transaction with EU merger rules; in principle, this implies a decision in Q4 2018.
Tele2 NL and TMNL announced their joint ambition to merge their operations on December 15, 2017. The combined company will represent a strong competitive challenge to the duopoly in the Netherlands, where the two existing FMC players currently control more than 80% of the Dutch mobile and fixed telecommunications market.
For more information, please contact:
Viktor Wallström, EVP Group Communications, Tele2 AB, Phone: +46 703 63 53 27
Erik Strandin Pers, Head of Investor Relations, Tele2 AB, Phone: +46 733 41 41 88
This information is information that Tele2 AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 16:45 CEST on June 12, 2018.