European Communications – Teliasonera acquires Tele2 Norway for €450 million after regulatory “failure”
Bengt Nordström, CEO of the Northstream consultancy, said the deal was “the predictable result of a pretty miserable and failed spectrum licencing process”.
He added: “Norway now essentially has two strong operators, plus a very small outfit with lots of spectrum, little infrastructure and few customers.
“It seems like a good deal for TeliaSonera, and Tele2 shareholders will get decent returns. But it’s a timely reminder for the mobile industry that poor regulatory decisions can create uncertainty that makes a mockery of huge infrastructure investments.”