Telenor cleared to buy GlobalConnect consumer unit in Norway

TL;DR: Norway’s competition authority approved Telenor’s acquisition of GlobalConnect’s consumer business after Telenor accepted remedies, according to telecoms.com.

Norway’s competition watchdog approved Telenor’s acquisition of fibre provider GlobalConnect’s consumer operation in Norway, according to a telecoms.com report. The approval came after a regulatory review of the deal.

The transaction covers GlobalConnect’s consumer business, which provides fibre broadband services. The telecoms.com report said the deal was cleared after remedies were agreed with the regulator.

The approval removes the main regulatory barrier to Telenor completing the acquisition of GlobalConnect’s consumer operation in Norway. The source description does not specify the terms of the remedies or the financial value of the transaction.

Related questions

• Which authority approved Telenor’s acquisition of GlobalConnect’s consumer business?
• What part of GlobalConnect is Telenor acquiring in Norway?
• Did the approval require regulatory remedies?