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.”

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“The reason the European telecoms industry has lost its edge is because of our own regulatory and political decisions,” says Bengt Nordström, whose Northstream consultancy advises on telecoms. “Without spectrum harmonisation we are just a continent of various middle-sized and small countries and can never be an industrial leader.” Read full article Related
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