Mergers: Commission clears acquisition of joint control of Telia Towers and its subsidiaries by Brookfield and Telia Company

Daily News 30 / 09 / 2021

Economy - published on 01 October 2021

Source: European Commission Spokesperson’s Service

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Telia Towers AB of Sweden and its subsidiaries Telia Towers Finland Oy and Telia
Towers Norway AS, by Brookfield Asset Management Inc of Canada and Telia Company AB of Sweden. Telia Towers owns, manages and leases masts and towers for the purposes of placement of communications
equipment in Finland and Norway

Brookfield offers a range of public and private investment products and services, focused on real estate, infrastructure, renewable power and private equity. Telia Company provides mobile and fixed
telecommunications services, as well as broadband and television services in Denmark, Estonia, Finland, Latvia, Lithuania, Norway and Sweden. The Commission concluded that the proposed acquisition
would raise no competition concerns, given that there are no overlaps between the activities of the companies.

The transaction was examined under the simplified merger review procedure.

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