Brussels, 9 December 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Kotikuitu passive fiber assets (‘Kotikuitu Target Assets’), currently belonging to the Kotikuitu business of Telia Company AB (‘Telia Company’) of Sweden, by Telia Company and CapMan AIFM Oy (‘CapMan AIFM’) of Finland.
The transaction relates primarily to the wholesale supply of fixed internet access services in Finland.
The Commission concluded that the notified transaction would not raise competition concerns, given that the joint venture has negligible activities in the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11768.