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Telia Wins Approval for $540 Million Tele2 Norway Purchase

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TeliaSonera AB won antitrust approval to buy Tele2 AB’s telecommunications assets in Norway, reducing the number of mobile networks in the country and challenging market leader Telenor ASA.

TeliaSonera, based in Stockholm, must sell Tele2’s wireless unit Network Norway to ICE and reach a roaming agreement with the same competitor to receive the clearance, the Norwegian Competition Authority said Thursday. Bloomberg News reported the approval late Wednesday.