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Europe Daily Bulletin No. 8252

11 July 2002
Contents Publication in full By article 19 / 39
GENERAL NEWS / (eu) eu/competition
Telecoms incumbents Telia (Sweden) and Sonera (Finland) merger gets go-ahead, subject to conditions

Brussels, 10/07/2002 (Agence Europe) - The European Commission has given the go ahead to the proposed acquisition of Finnish-based telecommunications group Sonera Corp. by Sweden's Telia AB, another telecoms firm to form a giant company with a market value of around $13.4 bn. This is the first merger of incumbent telecoms companies in Europe (Telia is 70% stake-owned, and Sonera 53%). The Commission authorized the deal subject to strict conditions since there is a danger of competition being...

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THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION