The Competition Authority calls for a merger notification regarding Ardian's acquisition of Míla

On the 2nd of November last.
published by the Competition Authority News on the organisation's website where a request was made
Perspectives on the purchase of Míla by the fund management company Ardian France SA
ehf., a subsidiary of Síminn hf. Specifically, views were sought on whether
there would be cause to call for a merger notification regarding the transaction on
basis of the authorisation of competition law, where notification is not required
We are discussing business. 

Views were received from 12 stakeholders, most of whom encouraged
the authority to call for notification of the merger and possible
the impact of its effects on competition in the telecommunications market. In addition, the regulator obtained
various information about the transaction from the merger parties.

Despite the positive
Competitive effects may result from the termination of vertical ownership ties on
between Síminn and Míla, needs to be investigated by the Competition Authority to determine whether
other aspects related to the merger could lead to harmful effects on competition. As
The Competition Authority considers it important to examine the business relationship.
Telefunken and Míla following the merger and its possible effects on the interests of competitors
and competition in the relevant markets.

Is that therefore an assessment
The Competition Authority, following this review, that there is cause for it to
call for a merger notification regarding the acquisition and consider it
basis of the merger provisions of competition law. The merging parties have been notified of
that.