In October 2019, Nordic Entertainment Group (NENT) and Telenor Group (Telenor) entered into an agreement regarding the combination of Viasat Consumer and Canal Digital. The agreement was subject to approval from the EU Commission.
The final approval was issued on 30 April 2020, and on 5 May 2020 the combination was completed.
The new joint venture will be called “Allente” and has approx. 1,2 million customers in Norway, Sweden, Finland and Denmark and approx. 400 employees across these four countries.
Bech-Bruun has had the pleasure of assisting NENT throughout the transaction, including with negotiations and the application for the EU Commission’s approval.
Congratulations to NENT and Telenor.