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Nordic telco spins off Swedish cabler

World Brief

BRUSSELS — European antitrust regulators have given the go-ahead to Nordic telco TeliaSonera’s €235 million deal to sell its Swedish cable TV business Com hem to private equity group EQT Partners.

Brussels made the sale a condition of approval before last year’s merger between Sweden’s Telia and Finland’s Sonera.

Telia has been trying to offload Com hem since 1999 when it tried to merge with Norwegian telco Telenor. On that occasion too, Brussels made its approval conditional on the companies selling their cable TV units.

Com hem is the largest cable TV operator in Sweden, offering basic cable TV to 1.4 million households and broadband Internet access.

The EU is trying to encourage more competition across Europe, especially in broadband services. The deal still needs the approval of Sweden’s national regulator.

— Andy Stern

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