Telia Company announced a SEK 9.2 billion deal to acquire Bonnier Broadcasting on Friday, its second major acquisition of the week. On Tuesday the telecoms operator said it was buying TDC’s Norwegian business for the equivalent of SEK 23 billion.
The acquisition of Bonnier Broadcasting, which includes Swedish TV4 and streaming service C More as well as Finnish MTV, will allow Telia to expand its media business.
The deal has been criticised by politicians, since Sweden’s two largest TV companies, public service broadcaster SVT and commercial channel TV4, will come under the control of the government, which is Telia’s biggest shareholder with a 37 per cent stake.
Enterprise Minister Mikael Damberg met Telia Board Chairman Marie Ehrling on Friday morning to discuss the situation. The minister has since told Dagens Industri that the government does not plan to sell its stake in Telia, although further analysis of the deal will be required.
Moderate Party spokesperson Elisabeth Svantesson has said in a comment that it is “highly problematic that the Swedish state … will become the dominant owner on the media market”.
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