The Competition Authority seeks views on Ardian's acquisition of Míla

The Competition Authority has received notification of
a change of control in Míla Ltd. The transaction involves AB 855 Ltd, which is
A subsidiary of two funds managed by Ardian France SA, is acquiring Míla from Síminn
high-frequency.

According to the merging parties, the transaction involves a change in
dominance in Míla but not A merger subject to notification within the meaning of paragraph 1.
Article 17a of the Competition Act, where Ardian had no operations in
Iceland and the turnover threshold for the reporting obligation are not met.

According to paragraph 3 of Article 17b of the Competition Act, may
The Competition Authority has called for a merger notification regarding mergers that are not
fulfills the turnover requirement of the law upon the fulfilment of two conditionsOtherwise
road that the combined turnover of the undertakings concerned exceeds €1.5 billion, and other
road that there is a significant likelihood that the merger could substantially reduce
effective competition.

To assess whether there is cause to
Call for merger notification regarding Ardian's acquisition of Míla
The Competition Authority, according to the viewpoints of the stakeholders who consider the matter to be about them.
concerning. Submissions are requested no later than Tuesday the 9th.
November this year. to the email address magnus@samkeppni.is. 

Letter from the merger parties to the Competition Authority, dated 1 November 2021.

Background information:

According to the announcement, Ardian is one of the largest
European fund management company and has experience in infrastructure investment to
long term. The company's headquarters are in Paris, France. According to
Upon completion of the transaction, no party will hold more than 25% of ownership in
the relevant funds that buy Míla.

Míla is a subsidiary of Síminn, the largest telecommunications company.
of the country. Míla is a wholesale company in the telecommunications market and its core business consists of
to build and operate nationwide telecommunications infrastructure.