Published: 14/9 2015
TeliaSonera and Telenor announce that they are suspending work on the proposed merger of the companies' respective operations in Denmark. The companies have not been able to agree with the European Commission on acceptable terms to complete the plan to create a robust mobile operator.
In December last year, TeliaSonera and Telenor reached an agreement to merge their Danish operations. The merged company would have become a mobile operator with better opportunities to increase investments in networks and technology for the benefit of Danish consumers.
- From the start, we have been strong proponents of the need to increase the level of investment in Denmark. The way we see it, an actor with size and the opportunity to compete and invest would have ensured that customers and companies received better quality, speed and coverage, says Robert Andersson, Executive Vice President and Head of Region Europe at TeliaSonera.
However, the discussions have now reached a point where it is no longer possible to get approval from the European Commission for the proposed merger.
- We felt that it was necessary to act resolutely to take care of the interests of both companies. TeliaSonera and Telenor will continue to compete and deliver products and services on the Danish market through our respective original and fully functional Danish operations, says Kjell Morten Johnsen, Executive Vice President and Head of Region Europe at Telenor.
TeliaSonera and Telenor are now continuing to evaluate the strategic opportunities in the Danish market.
