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EU opens full-scale probe into TeliaSonera, Telenor Danish mobile deal

Published 08/04/2015, 10:49
Updated 08/04/2015, 10:51
© Reuters.  EU opens full-scale probe into TeliaSonera, Telenor Danish mobile deal

BRUSSELS (Reuters) - European Union antitrust regulators launched a full-scale investigation into a proposal by Norwegian telecoms company Telenor (OL:TEL) and Swedish peer TeliaSonera (ST:TLSN) to combine their Danish mobile businesses, saying the deal may lead to higher prices.

The European Commission said the merged company and rivals former Danish telecoms incumbent TDC (CO:TDC) and Hutchison Whampoa-owned (HK:0013) Hi3G would have a reduced incentive to compete.

"My aim is to make sure that the proposed transaction will not lead to higher prices to Danish consumers and businesses," said European Competition Commissioner Margrethe Vestager, who is Danish.

The EU competition authority will decide by Aug. 19 whether to clear or block the deal.

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