By Scott Kanowsky
Oslo-listed Telenor on Thursday declined to comment on a report saying the operator was in talks with CK Hutchison relating to its businesses in Sweden and Denmark. "We do not comment on speculation or rumors related to our business," a Telenor spokesperson told Reuters in an email. The Financial Times on Thursday reported the Norwegian firm was in talks to combine its businesses in Denmark and Sweden with those of Hong Kong-listed ports-to-telecoms conglomerate CK Hutchison, owner of telecoms group Three.
CK Hutchison is in talks with Scandinavian telecoms group Telenor about merging their businesses in Denmark and Sweden, as the Hong Kong-listed group seeks to drive a wave of consolidation across European telecoms. The conglomerate, which owns Three’s operations in the UK, Ireland and other European countries, said on Thursday it had been in active discussions about potential mergers for its businesses in Denmark and Sweden, as it pursued an “asset-light” strategy. Two people familiar with the matter told the Financial Times that CK Hutchison has been in talks with Telenor, a Norway-based telecoms company, about a potential deal to combine their Danish and Swedish telecoms operations.