CELEX: 32020M10019
Language: en
Date: 2020-12-04 00:00:00
Title: Commission Decision of 04/12/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.10019 - AP1 / AP3 / AP4 / TELIA CARRIER ENTITIES) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 04.12.2020
                                                                C(2020) 8782 final
                                                                                PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.10019 - AP1 / AP3 / AP4 / TELIA CARRIER ENTITIES
                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 12 November 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Första AP-
        fonden (“AP1”, Sweden), Tredje AP-fonden (“AP3”, Sweden), and Fjärde AP-fonden
        (“AP4”, Sweden) acquire within the meaning of Article 3(1)(b) of the Merger
        Regulation joint control over the whole of 34 Telia Carrier Entities by way of
        purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for AP1, AP3 and AP4: pension funds which act as a buffer in the Swedish
              national pension system. They are independent governmental authorities taking
              independent decisions on their investments;
             for Telia Carrier Entities: a group of 34 companies active in 34 different
              jurisdictions, ultimately owned by Telia Company AB, which operate a global
              fiber network (internet backbone) used for the provision of international carrier
              services.
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 139/2004.4
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       Publication in the Official Journal of the European Union No C395, 20.11.2020 p.6.
4       OJ C 366, 14.12.2013, p. 5.
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--- 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
                                              2