CELEX: 32021M10419
Language: en
Date: 2021-09-28 00:00:00
Title: Commission Decision of 28/09/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10419 - BROOKFIELD / TELIA COMPANY / TELIA TOWERS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 28.9.2021
                                                                C(2021) 7149 final
                                                                                 PUBLIC VERSION
                                                                BSIP UK HoldCo Limited
                                                                One Canada Square,
                                                                Level 25 Canary Wharf
                                                                London, E14 5AA
                                                                United Kingdom
                                                                Telia Company AB
                                                                Stjärntorget 1
                                                                Solna 169 94
                                                                Sweden
Subject:        Case M.10419 – BROOKFIELD / TELIA COMPANY / TELIA TOWERS
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                        1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 6 September 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Brookfield
        Asset Management Inc (“Brookfield”, Canada) and Telia Company AB (“Telia
        Company”, Sweden) intend to acquire, within the meaning of Articles 3(1)(b) and 3(4)
        of the Merger Regulation, joint control over Telia Towers AB (“Telia Towers”,
        Sweden), including its subsidiaries Telia Towers Finland Oy and Telia Towers
        Norway AS (the “Transaction”).3 The concentration is accomplished by way of
        purchase of shares.4
1       OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on
        the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the
        replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology
        of the TFEU will be used throughout this decision.
2       OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Telia Towers also has a subsidiary in Sweden, Telia Towers Sverige AB, which will be carved out pre-
        closing of the Transaction.
4       Publication in the Official Journal of the European Union No C 365, 10.9.2021, p. 13.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 2. The business activities of the undertakings concerned and the joint venture 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 ownership, management and lease of masts and towers
           for the purposes of placement of communications equipment in Finland and
           Norway.
3. After examination of the notification, the European Commission has concluded that
   the notified operation falls within the scope of the Merger Regulation and of
   paragraph 5(b) of the Commission Notice on a simplified procedure for treatment of
   certain concentrations under Council Regulation (EC) No 139/2004. 5
4. For the reasons set out in the Notice on a simplified procedure, the European
   Commission has decided not to oppose the notified operation and to declare it
   compatible with the internal market and with the EEA Agreement. This decision is
   adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of
   the EEA Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Olivier GUERSENT
                                                  Director-General
5  OJ C 366, 14.12.2013, p. 5.
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