EC rejected TeliaSonera’s concessions – POLITICO: "“What the parties offered was not sufficient to avoid harm to competition in Danish mobile markets,” said Margrethe Vestager, the European commissioner for competition, in an emailed statement this morning.
TeliaSonera’s Finance Chief Christian Luiga was disappointed, apologizing to shareholders on a conference call, “We have done our best too make this happen.” TeliaSonera and Telenor are the second and third largest players on the Danish market. In its final concessions, TeliaSonera offered to divest a stake in its network and transfer mobile customers to allow for a fourth mobile network operator into the market. Simon Weeden, an analyst at Citigroup, argued on the call that previous concessions on telecoms mergers suggested such a solution should have been enough. Luiga declined to comment.
The Commission’s decision signals it will insist on each market having four mobile network operators." 'via Blog this'