The Croatian Competition Agency has notified Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) and United Group of its decision to approve the sale of Tele2 Croatia to United Group. Tele2 now awaits the publication of a formal approval.
Tele2 announced the sale of its Croatian business to United Group on 31 May 2019. On 25 November 2019, the Croatian Competition Agency initiated a so called Phase II investigation. Now, the agency has notified Tele2 and United Group of its decision to approve the transaction. A formal approval is expected to be published the coming weeks.
As part of United Group’s family of telecom and media companies, Tele2 Croatia will be able to create even greater value for its customers.