A PYMNTS Company

EU: Telia’s US$957M Swedish TV deal with Bonnier gets green light

By  |  November 12, 2019

Telia won conditional EU antitrust approval on Tuesday, November 12, for its US$957 million bid for Bonnier Broadcasting, a deal the Swedish telecoms firm hopes will help it better compete with the likes of Netflix and Amazon.

The European Commission stated Telia had offered a series of concessions to address its concerns, including media plurality in Sweden and Finland, Reuters reported. 

“This acquisition creates a strong Nordic player who can compete with international corporations who are very active in the Nordics,” Telia chairman Marie Ehrling said in a statement. 

Telia pledged to offer rivals fair, reasonable and non-discriminatory access to its free-to-air and basic pay TV channels, as well as to premium pay TV sports channels in Sweden and Finland, the EU competition enforcer said.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.