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Telenor: Telenor and TeliaSonera withdraw from merger in Denmark

(Fornebu, 11 September 2015) Telenor and TeliaSonera today announce the
withdrawal of the proposed merger of their respective business units in
Denmark. The companies have not been able to agree with the European
Commission on acceptable conditions to go ahead with their plan to create a
robust mobile operator.

In December last year, Telenor and TeliaSonera reached an agreement to merge
their Danish operations. The new joint venture would have created a mobile
operator that would be able to increase investments in networks and
technology, to the benefit of the Danish customers.

"Since the beginning, we have been strong advocates for the need to increase
investment levels in Denmark. In our view, creating a market player with the
scale and ability to compete and invest would ensure that customers and
businesses would benefit from better quality, speed and coverage," says
Robert Andersson, Executive Vice President and Head of Region Europe in

However, the merger discussions have now reached a point where it is no longer
possible to gain approval for the proposed transaction.

"In the interests of both companies, we felt it necessary to act decisively.
Telenor and TeliaSonera will continue to compete and deliver products and
services in the Danish market through our respective original, and still
fully up-and-running Danish operations," says Kjell Morten Johnsen, Executive
Vice President and Head of Telenor Region Europe.

Telenor and TeliaSonera now continue to review the strategic options in the
Danish market.


Severin Roald:
SVP and Head of Group Communications
Mobile: +47 920 30 033

Meera Bhatia:
Communcations Manager
Telenor Group
+47 468 44 959


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Telenor via Globenewswire


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