BRUSSELS Oct 7 The European Commission on
Friday cleared Tele2's 2.9 billion Swedish crowns
($335.34 million) acquisition of Danish group TDC's
Swedish unit without conditions, saying the two company's
operations did not overlap.
"The transaction would raise no competition concerns, in
particular because the companies' activities are largely
complementary," the Commission, the 28-member bloc's competition
watchdog, said in a statement.
In June, when the acquisition was announced, Tele2 said it
bought the unit to strengthen its position in the business
telecoms market, while TDC sold to reorganise its operations.
($1 = 8.6479 Swedish crowns)
(Reporting by Robert-Jan Bartunek; editing by Philip