Cablenet Com Hem has applied for the delisting of its shares from Nasdaq Stockholm.
It follows the approval of the European Commission of its plans to merge with telco Tele2. The Commission found that the impact of the transaction on the market would be very limited due to the lack of the relative lack of penetration into the mobile market and of Tele2 into the fixed line business.
“As one company, we will be able to offer a portfolio of truly integrated services, with significant benefits for Swedish individuals, households, businesses and our shareholders as a result,” said Anders Nilsson, CEO of Com Hem and incoming President and CEO of Tele2/ My colleagues at both Tele2 and Com Hem can look forward to some very exciting years ahead, and I am sure that I am not the only one with high expectations.”
The date of the delisting will be established once the merger has formally taken place. Com Hem believes this will be on November 5, 2018.
