Regulatory approval process for the sale of Telia Denmark to Norlys enters Phase 2

Telia Company has today received information from the Danish Competition Authority (DCCA) that the clearance process for the intended sale of Telia Denmark to Norlys, first announced on April 25, 2023, is not yet finalized, and that the DCCA has decided to move the decision process into Phase 2. This is a standard procedure whereby the DCCA can decide to extend the approval process timeline in the event that it needs more time to reach a decision.

Telia and Norlys are in dialogue with the DCCA and are continuing to work towards closing the transaction during Q1 2024.

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