NCA approves Talkmore acquisition

16 Oct 2007

The Norwegian Competition Authority (NCA) has approved Telenor’s acquisition of Norwegian wireless reseller Talkmore for NOK135 million (USD25 million). ‘The approval from the NCA was anticipated, but we are nevertheless pleased that the NCA, after a thorough consideration of the issue, did not find any reasons to stop or limit the transaction,’ said Morten Karlsen Sorby, Executive Vice President and Head of Telenor Nordic. He continued: ‘Talkmore operates within the low-price segment of the Norwegian mobile market. We are pleased that we have managed to secure a substantial customer base and key experience through this acquisition. Telenor shall be a leading player within this segment.’ Talkmore will remain a separate brand and the company will continue as an operational entity with the same market focus. All employees will receive offers of continued employment in the company.

Norway, (Nuuday) Telmore, Telenor Group, Telenor Norge