Telia AB logo

TELIA - Telia AB News Story

SEK36.75 0.1  0.3%

Last Trade - 9:45am

Large Cap
Market Cap £12.76bn
Enterprise Value £21.14bn
Revenue £7.54bn
Position in Universe 55th / 1832

UPDATE 1-Telia offers concessions to address EU concerns over Bonnier deal

Tue 13th August, 2019 11:02am
(Adds Telia declines comment, background)
    By Foo Yun Chee
    BRUSSELS, Aug 13 (Reuters) - Swedish telecoms operator Telia
 TELIA.ST  has offered concessions to try to address EU
antitrust concerns over its $957 million bid for Bonnier
Broadcasting, the European Commission said on Tuesday.
    Telia put in its proposals on Monday, a filing on the EU
competition watchdog's website showed. 
    The Commission, which did not provide details in line with
its policy, will now seek feedback from rivals and customers. It
has set a Nov. 19 deadline for its decision.
    Telia offered concessions in April but these were rejected
as insufficient. For telecoms deals, the Commission typically
demands providers sell assets to reinforce a smaller rival or
grant competitors access to their network.
    Regulatory concerns centre on the possibility of Telia
shutting out rivals from accessing Bonnier's TV channels and
imposing price rises. Bonnier's brands include Sweden's biggest
commercial broadcaster TV4, streaming service C More and Finnish
MTV. It competes with state broadcaster SVT.*:nL5N22M5R0
    Telia declined to comment. In May, it said that it was
confident EU concerns on the deal would be resolved.*:nASP0011EI

 (Reporting by Foo Yun Chee, additional reporting by Anna
Ringstrom in Stockholm
Editing by Susan Fenton/Keith Weir)
 ((; +32 2 287 6844; Reuters
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.