DNA sale to Norwegian telecoms company approved by EU

The European Commission found that the deal didn't break any competition rules.

File picture of DNA store / Credit: DNA

The sale of Finland’s DNA telecoms company to Norway’s Telenor has been approved by the European Commission.

The deal was announced in April, but only approved on Tuesday after the European Commission found that Telenor buying up 54% of DNA shares from two other companies didn’t raise any competition concerns.

DNA – which has almost three million subscribers in Finland – provides mobile and fixed communications services, broadband internet services and TV distribution services in Finland; while Telenor offers similar services in Norway and other Scandinavian countries.

The completion of the transaction is still subject to Finnish regulatory approval, which DNA says it expects to come in August when the deal is complete.