Telia Company: Regulatory approval process for the sale of Telia Denmark to Norlys enters Phase 2
Telia Company has today received information from the Danish Competition Authority (DCCA) that the clearance process for the intended sale of Telia Denmark to Norlys, first announced (https://www.teliacompany.com/en/press-releases/6242A3136136B4B4)on April 25, 2023, is not yet finalized, and that the DCCA has decided to move the decision process into Phase 2. This is a standard procedure whereby the DCCA can decide to extend the approval process timeline in the event that it needs more time to reach a decision.
Telia and Norlys are in dialogue with the DCCA and are continuing to work towards closing the transaction during Q1 2024.
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