On 4 January 2018, the Finnish Competition and Consumer Authority (FCCA) approved the acquisition of Inmics Oy by Telia Company AB. The regulatory reviews conducted by the FCCA did not reveal any harmful effects on competition related to the acquisition.
Telia is an international telecommunications company which provides telecommunications services in landline and mobile networks to businesses and consumers. Inmics is a Finnish ICT and cloud service company whose business includes the sale and servicing of computers and their software as well as training and consultation.
The FCCA has concluded that the acquisition will not significantly impede effective competition in the Finnish market. According to the assessment of the Authority, even after the acquisition other competitors in all market segments in which the parties to the acquisition have overlapping operations will remain in the market for IT services offered to companies.
The FCCA’s decision includes business secrets of the parties involved. The decision cannot be published until the business secrets have been removed, i.e. in around two weeks’ time.
Additional information: Senior Research Officer Laura Kauppila, tel. +358 (0)29 505 3335, email: firstname.lastname@example.org.
According to the Competition Act, the FCCA must be notified of the transaction if the combined turnover of the parties to the corporate transaction exceeds 350 million euros and the turnover from Finland of at least two of the parties exceeds a combined total of 20 million euros. The FCCA will approve a corporate transaction if it has none of the harmful impacts referred to in the Competition Act. The FCCA will intervene in corporate transactions if its investigations suggest that the acquisition substantially impedes effective competition on Finnish markets or a substantial part of the markets, particularly through the creation or reinforcement of a dominant market position.
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