TeliaSonera and Telenor to combine their operations in Denmark
TeliaSonera and Telenor have entered into an agreement to merge their Danish operations into a new joint venture where the parties will own 50 percent each. The new company will have around 3.5 million mobile subscriptions and mobile subscriber revenues of more than DKK 9 billion. The transaction requires approval from the EU Commission and the parties expect EU clearance and closing of the transaction during 2015.
TeliaSonera was advised by Mannheimer Swartling on Swedish law in the transaction. The firm’s team included Madeleine Rydberger, primarily assisted by Klara Holm.