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The Competition Authority approves Sýn's acquisition of Já with conditions

5th October 2023

The Competition Authority has had
to investigate the merger involving Sýn's acquisition of the information service Já. We
The investigation of the case provided the Competition Authority with views and information from
market participants.

Did the study indicate that the position
Yes, in the market for access to a database of telephone numbers and retail markets that
build on the database, e.g. telephone information service and information service on
The internet would be strong and could be strengthened through a merger with Sýn. Also, it gave
The investigation suggests that the situation where Sýn will become the owner of Já, which is an important
a business and service partner for both Já and its main competitor, could have
harmful competitive effects. The study also indicated that existing
were circumstances where sensitive business information about
Customers of other telecommunications companies have been transferred to Sýn.

In order to prevent
An agreement has been reached in the matter concerning the harmful effects of the merger, which aims to
to reduce and/or prevent the aforementioned issues indicated by the research. Thus, Sýn's wholesale division is, among other things, required
to ensure equality and objectivity with respect to other information service companies and it is prohibited
to distinguish Yes from confidential information about competitors or potential competitors. Then
a ban is imposed on disclosing sensitive business information from Já to Sýn and
Limitation on traceability. Sýn also agreed to provide others
information services, upon fulfilment of certain conditions, unilateral
Single-use access to basic information to level the playing field.

The agreement can be accessed here.

That is therefore the conclusion.
The Competition Authority that with these conditions the merger is not harmful.
Impact on competition. Further grounds for this decision of the Competition Authority
The details of the case will be published shortly.

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