November 12, 2019 / 10:48 AM / a month ago

EU clears with conditions Telia's $957 mln bid for Bonnier

BRUSSELS, Nov 12 (Reuters) - EU antitrust regulators cleared on Tuesday Telia’s $957 million bid for Bonnier Broadcasting after the Swedish telecoms operator agreed to allow rivals fair access to its TV channels and the sale of TV advertising space.

The European Commission said Telia’s concessions addressed its concerns, confirming a Reuters story on Sept. 2. Telecoms providers are seeking to compete with big internet players such as Netflix and Amazon by expanding into media. (Reporting by Foo Yun Chee)

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