TeliaSonera and Telenor pull out of Danish merger

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The merger of the Danish business units of TeliaSonera and Telenor, which was announced in December 2014, had been abandoned following the failure to come to an agreement with the European Commission.
Telenor and TeliaSonera are the second and third largest Danish operators and their combination would have taken them to number one. The biggest reservation held by the EC seems to have been the reduction in the number of Danish operators from four to three and it seems that no amount of promises to play nice were sufficient. The two companies are inevitably disappointed.
“Since the beginning, we have been strong advocates for the need to increase investment levels in Denmark,” said Robert Andersson, Head of Region Europe in TeliaSonera. “In our view, creating a market player with the scale and ability to compete and invest would ensure that customers and businesses would benefit from better quality, speed and coverage.”
“In the interests of both companies, we felt it necessary to act decisively,” said
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