DNA’s licences to remain unchanged after Telenor Group’s acquisition

9 Aug 2019

Finland’s DNA has confirmed that, following a governmental plenary session, it has been decided that the proposed acquisition of a majority stake in the telco by Norway’s Telenor Group will not have an effect on the Finnish operator’s licences.

As previously reported by CommsUpdate, in April 2019 Norway-based telecoms giant Telenor Group entered into separate agreements with DNA’s two largest shareholders to acquire 54% of its shares. With the deal having gained EC approval last month, DNA now notes that the completion of the deal remains subject to approval by Finland’s Ministry of Economic Affairs and Employment. Nonetheless, it said Telenor Group expects to conclude the transaction this month, after which it will trigger a mandatory public tender offer for the remaining outstanding shares in DNA.

Finland, DNA Finland, Telenor Group