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Pin to quick picksTelia Company O Regulatory News (0H6X)

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Telenor and Teliasonera Comments on European Commission Statement of Objections

23 Jun 2015 17:00

The European Commission has today taken the next step in the investigation into the proposed merger of TeliaSonera (OSE:TEL) (STO:TLSN) (HEX:TLS1V) (LSE:TEE) (Nasdaq:TLSN) and Telenor’s operations in Denmark by addressing a ”statement of objections” to the two companies. A statement of objections is an ordinary event in the context of a merger.

Contrary to the concerns raised in the statement of objections we firmly believe the merger will ultimately be beneficial for competition and Danish consumers. We will continue in a constructive dialogue with the Commission to make sure all concerns are properly addressed.

We remain committed to the Danish market but have also realized that a fundamental change is needed. Competition in the Danish mobile market is fierce and will remain so in the future. Combining Telia and Telenor in Denmark is about creating a company with the scale and the capacity to better invest and compete – both on price, quality and innovation.

Delivering on this requires investments and if we look back on recent years this has been a challenge. The status quo would lead to a continued drop in investment. We want to create a healthy and profitable company that has the necessary resources to invest in Denmark. It’s first and foremost about providing the best possible experience for our customers, and the businesses that rely on us every day.

Investments in networks and technology demonstrate clear benefits for consumers and businesses, supporting an ever more connected society which demands better speed, quality and security in a competitive market. All of which we firmly believe are strengthened with our new organization in Denmark.

We remain confident that the merger will be approved during the second half of 2015.

TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also the leading European wholesale provider who owns and operates one of the world's most extensive fiber backbones. In 2014, net sales amounted to SEK 101.1 billion, EBITDA to SEK 35.2 billion and earnings per share to SEK 3.35. The TeliaSonera share is listed on Nasdaq Stockholm and Nasdaq Helsinki. Read more at www.teliasonera.com.

Forward-Looking Statements

Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.

This information was brought to you by Cision http://news.cision.com

TeliaSonera press office46 771 77 58 30press@teliasonera.comorvisit our Newsroom (http://www.teliasonera.com/)orfollow us on Twitter @TeliaSoneraAB (https://twitter.com/TeliaSoneraAB).

View source version on businesswire.com: http://www.businesswire.com/news/home/20150623006196/en/

Copyright Business Wire 2015

Date   Source Headline
28th Feb 20177:49 amBUSWelcome to Telia Company’s Annual General Meeting 2017
27th Feb 20172:34 pmBUSTelia Company: Norwegian Competition Authority Negative to Telia Company’s Acquisition of Phonero
1st Feb 20179:57 amBUSTelia Company to acquire Fält Communications AB
27th Jan 20177:00 amBUSTelia Company Year-End Report January-December 2016
18th Jan 201710:02 amBUSTelia Company: Invitation to Telia Company’s Year-end Report January-December 2016
14th Dec 20168:02 amBUSChanges in Group Executive Management of Telia Company
7th Nov 20167:00 amBUSTelia Company acquires Phonero in Norway
21st Oct 20167:00 amBUSTelia Company Interim Report January-September 2016
12th Oct 20169:18 amBUSTelia Company: Invitation to Telia Company’s Interim Report January-September 2016
6th Oct 20169:17 amBUSTelia Company: Telia Company’s Divestment of Yoigo in Spain is Completed
3rd Oct 20167:21 amBUSTelia Company Signs a EUR 1,500 Million Revolving Credit Facility
15th Sep 20167:17 amBUSTelia Company: The U.S. and Dutch authorities present proposed settlement amount
7th Sep 20168:14 amBUSTelia Company divests its stake in Tajik operator Tcell
20th Jul 20167:00 amBUSTelia Company Interim Report January-June 2016
8th Jul 201610:03 amBUSTelia Company: Invitation to Telia Company’s Interim Report January-June 2016
21st Jun 20168:24 amBUSTelia Company divests its holding in Yoigo to MÁSMÓVIL
21st Jun 20167:35 amBUSTelia Company: Sonera Has Made an Indicative Offer for Anvia
21st Jun 20167:29 amBUSTelia Company Divests Sergel to Marginalen
21st Jun 20167:21 amBUSTelia Company: Telia Company’s Capital Market Day 2016
31st May 20167:17 amBUSTelia Company to Stop Using Finnish as Stock Exchange Communication Language
3rd May 20165:45 pmBUSTelia Company: Swedish Prosecutors Close Down Bribery Investigation in Azerbaijan
29th Apr 20161:28 pmBUSTelia Company has acquired own shares to cover commitments under the "Long Term Incentive Program 2013/2016"
29th Apr 20169:53 amBUSTelia Company exercises mandate to buy back shares to cover commitments under the “Long Term Incentive Program 2013/2016”
20th Apr 20167:00 amBUSTelia Company Interim Report January-March 2016
12th Apr 20165:19 pmBUSTeliaSonera’s Annual General Meeting, April 12, 2016
11th Apr 20162:11 pmBUSTeliaSonera announces completion of divestment of Ncell
11th Apr 201612:20 pmBUSTeliaSonera: Strategic Review of Sergel
29th Mar 201610:25 amBUSTeliaSonera: No decision on dividend at Turkcell’s Ordinary General Assembly
22nd Mar 20167:36 amBUSTeliasonera’s Annual and Sustainability Report 2015 is Now Available at www.teliasonera.com
18th Mar 20164:22 pmBUSTeliaSonera: Update on Review of Future Presence in the Spanish Market
7th Mar 201610:20 amBUSTeliaSonera: Welcome to TeliaSonera’s Annual General Meeting 2016
29th Jan 20167:00 amBUSTeliaSonera Year-End Report January–December 2015
21st Jan 20162:14 pmBUSTeliaSonera: Invitation to TeliaSonera’s Year-end Report January-December 2015
19th Jan 20167:19 amBUSTeliaSonera: Historical Pro Forma Figures Published
14th Jan 20168:58 amBUSTeliaSonera to report Region Eurasia as discontinued operations in Year-end Report 2015 - results to be impacted by impairment charges
13th Jan 20167:18 amBUSThe Nomination Committee’s proposal to TeliaSonera’s AGM 2016
21st Dec 20157:00 amBUSTeliaSonera Divests Its Holding in Ncell
19th Nov 20158:30 amBUSEnabling high end connected car features for everyone - TeliaSonera unwraps smart solution for connecting your car
20th Oct 20157:00 amBUSTeliaSonera Interim Report January – September 2015
15th Oct 20151:29 pmBUSTeliaSonera comments on open letter to the Board
9th Oct 20152:11 pmBUSTeliaSonera: Invitation to TeliaSonera’s Interim Report January-September 2015
8th Oct 20158:36 amBUSTeliaSonera: Sören Abildgaard Appointed Acting Head of Combined Group Commercial-Group Technology Unit
6th Oct 20157:15 amBUSTeliaSonera Executes on New Strategy – Teo and Omnitel Join Forces
28th Sep 20157:51 amBUSTeliaSonera: Changes in TeliaSonera’s management team
17th Sep 20157:00 amBUSTeliaSonera is Not a Long-Term Owner in Region Eurasia
11th Sep 20157:25 amBUSTeliasonera and Telenor Withdraw from Merger in Denmark
7th Jul 20151:38 pmBUSInvitation to TeliaSonera’s Interim Report January-June 2015
25th Jun 20157:43 amBUSChanges in Group Executive Management of TeliaSonera
23rd Jun 20155:00 pmBUSTelenor and Teliasonera Comments on European Commission Statement of Objections
10th Jun 20157:46 amBUSTeliaSonera and Spotify to Expand Innovation Partnership

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