Prior notification of a concentration (Case M.10419 — Brookfield/Telia Company/Telia Towers) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 365/08
Date: 2021-09-10
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, investment company, merger control, telecommunications








C_2021365EN.01001301.xml










10.9.2021   


EN


Official Journal of the European Union


C 365/13






Prior notification of a concentration
(Case M.10419 — Brookfield/Telia Company/Telia Towers)
Candidate case for simplified procedure
(Text with EEA relevance)
(2021/C 365/08)

1.   
On 6 September 2021, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Brookfield Asset Management Inc (‘Brookfield’, Canada),










—


Telia Company AB ( ‘Telia Company’, Sweden),










—


Telia Towers AB (‘Telia Towers’, Sweden).




Brookfield, through indirectly controlled subsidiaries, and Telia Company acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control over Telia Towers and its subsidiary undertakings, Telia Towers Finland Oy and Telia Towers Norway AS (the ‘Transaction’). Telia Towers also has a subsidiary in Sweden, Telia Towers Sverige AB, which will be carved out pre-closing of the Transaction.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


for Brookfield: the global offering of a range of public and private investment products and services, focused on real estate, infrastructure, renewable power and private equity;










—


for Telia Company: the provision of mobile and fixed telecommunications services, as well as broadband and television services in Denmark, Estonia, Finland, Latvia, Lithuania, Norway and Sweden; and










—


for Telia Towers: the ownsership, management and lease of masts and towers for the purposes of placement of communications equipment in Finland and Norway.






3.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M. 10419 — Brookfield/Telia Company/Telia Towers
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Fax +32 22964301
Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.