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Wireless

Telia gains clearance to buy Phonero after all

Tuesday 4 April 2017 | 10:42 CET | News
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The Norwegian Competition Authority has approved Telia Company's acquisition of enterprise mobile operator Phonero, saying it will not significantly reduce competition and could benefit customers by lowering costs. In February, it had signalled that it might block the deal. Telia announced in November that it was buying Phonero at an enterprise value of NOK 2.3 billion on a cash and debt-free basis.

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Categories: Mobile & Wireless
Companies: Telenor Norway
Countries: Norway
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