Sunday , October 2 2022

Tele2 and T-mobile are merged


"I am very pleased that the Commission has approved the merger in the Netherlands without concessions. Now we look forward to joining T-mobile to create a strong customer force that will boost competition and investment in the Dutch market, "said Anders Nilsson, President and CEO of Tele2, in a press release.

With the merger Tele2 will own 25 percent in the combining company and receive a cash payment of approximately 190 million euros when the deal is completed in early January 2019.

Already during the Monday, it was reported that the deal was completed and the Tele2 share was trading on the Stockholm Stock Exchange after having rushed nine percent.

Five years ago, the EU Commission launched an investigation into the effects of such a business when it was considered likely to change the competitive situation in the Dutch market and lead to higher prices.

"Our investigation shows that the proposed merger does not change prices and quality of mobile services to a significant extent for Dutch consumers," comments EU competition commissioner Margrethe Vestager in a comment.

Deutsche Telekom, which owns T-mobile, has claimed that only 25 percent of the market would be held, well behind leading KPN and VodafoneZiggo.

Also more: Green light for merger with Tele2 and Com Home

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