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TeliaSonera and Telenor to combine their operations in Denmark

Staff writer |
TeliaSonera and Telenor have entered into an agreement to merge their Danish operations into a new joint venture where the parties will own 50 percent each.

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"We are making a necessary and natural move by forming a joint venture with Telenor building on the network partnership we already have with them. By joining forces we can secure investments in Denmark, to the benefit not only of our customers but to the Danish society as a whole," says Robert Andersson, EVP and Head of Region Europe in TeliaSonera.

The new company will have a combined number of mobile subscriptions of around 3.5 million. With a combined mobile subscriber market share of approximately 40 percent, revenues of more than DKK 9 billion and a significant synergy potential, the transaction creates a robust operator.

"Competition in Denmark is intense and we face continued pressure on revenue growth and profitability, making consolidation inevitable. By combining the assets and customer bases of Telenor and TeliaSonera in Denmark, the joint venture will become a robust operator."

"We will be able to offer our customers a high-quality network with outstanding connectivity and the best customer experience in Denmark," says Kjell Morten Johnsen, EVP and Head of Telenor Region Europe.

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