CELEX: 32022M10666
Language: en
Date: 2022-04-25 00:00:00
Title: Commission Decision of 25/04/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10666 - BROOKFIELD / TELIA COMPANY / TELIA TOWERS SWEDEN) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 25.4.2022
                                                                 C(2022) 2838 final
                                                                                PUBLIC VERSION
                                                                 INFRACORE NORDIC BIDCO AB
                                                                 One Canada Square, Level 25 Canary
                                                                 Wharf,
                                                                 E14 5AA, London,
                                                                 United Kingdom
                                                                 TELIA COMPANY AB
                                                                 Stjärntorget 1,
                                                                 169 94 Solna,
                                                                 Sweden
Subject:        Case M.10666 – BROOKFIELD / TELIA COMPANY / TELIA TOWERS
                SWEDEN
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 29 March 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Brookfield
        Asset Management Inc. ("Brookfield") indirectly through its wholly-owned subsidiary
        Infracore Nordic Bidco AB ("Infracore") and Telia Company AB, will acquire within
        the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over
        the whole of Telia Towers Sweden AB (“Telia Towers Sweden”, Sweden) by way of
        purchase of share.3
2.      The business activities of the undertakings concerned are the following:
             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,
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 C150, 05.04.2022, p.28.
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---        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 Sweden: the ownership and operation of passive wireless
        telecommunications infrastructure (i.e., masts and towers) in Sweden for
        placement of wireless communications technology by its customers. Telia Towers
        Sweden owns and operates approximately 3,800 passive wireless
        telecommunication infrastructure sites across Sweden.
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
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
4  OJ C 366, 14.12.2013, p. 5.
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