Netherlands: Tele2, T-Mobile merger completed
January 2, 2019
Tele2 and Deutsche Telekom have completed the merger of their Dutch operations. Tele2 Netherlands has now been absorbed by T-Mobile in the Netherlands.
The merger was announced on December 15th 2017, and has since gone through a regulatory process, including approval by the European Commission without conditions.
Today (January 2nd), Tele2 NL and Deutsche Telekom have signed the agreement which completes the merger.
“This is a great milestone for Tele2 NL as well as Dutch consumers and businesses, as the merged company will accelerate competition and investments in the Netherlands”, said Anders Nilsson, President and CEO of Tele2.
Following the completion of the merger, Tele2 owns 25 per cent of the enlarged T-Mobile NL and Deutsche Telekom owns 75 per cent. Tele2 also receives a cash payment of €190 million, subject to standard closing adjustments.