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Telia to buy TDC's Norway business in NOK 21 bln deal

STOCKHOLM, July 17 (Reuters) – Swedish telecom operator Telia Company said on Tuesday it was buying Danish operator TDC’s Norwegian business for 21 billion Norwegian crowns ($ 2.60 billion) on a cash and debt free basis.

Telia said the acquisition would strengthen its position on the Norwegian market and position the company as a “strong challenger” in mobile, TV and broadband. Norway is the home market of Nordic rival Telenor.

“It is with great excitement and commitment that we announce the agreement to acquire GET and TDC Norway,” Telia CEO Johan Dennelind said in a statement.

TDC’s Norwegian business includes GET, a fiber and TV p…
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