Tele2: EU authorises acquisition of Com Hem
(CercleFinance.com) - The European Commission has unconditionally approved of Tele2's proposed acquisition of Com Hem.
The Commission has reached the conclusion that the transaction would not raise any competition concerns, as both companies' businesses and assets of are largely complementary.
"Although both companies are active in the provision of retail mobile telecommunications services, retail fixed internet access services and multiple play services, the Commission found that the impact of the transaction on these markets is very limited," says the Commission.
"Secondly, the Commission found that the merged entity would continue to face significant competition from other players such as Telia and Telenor".
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The Commission has reached the conclusion that the transaction would not raise any competition concerns, as both companies' businesses and assets of are largely complementary.
"Although both companies are active in the provision of retail mobile telecommunications services, retail fixed internet access services and multiple play services, the Commission found that the impact of the transaction on these markets is very limited," says the Commission.
"Secondly, the Commission found that the merged entity would continue to face significant competition from other players such as Telia and Telenor".
Copyright (c) 2018 CercleFinance.com. All rights reserved.