Merger of Fjarskipti hf. (Vodafone) and 365 media hf.

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• Case number: 42/2017
• Date: 8/12/2017
• Company:
  • Fjarskipti hf.
  • 365 miðlar hf.
• Sectors:
  • Telecommunications, IT and media
• Policy Area:
  • Mergers
• Summary

  Following an extensive investigation, the ICA has imposed detailed conditions on a merger in the field of telecommunications and media. In the case, Fjarskipti hf. (“Vodafone”) acquired certain assets of 365 miðlar ehf. (“365 media”). Vodafone provides telecommunication service to its customers in Iceland and is an important player in the market. It is active in mobile, landline, television and internet services and has a strong position in the distribution of TV-channels and radio stations in Iceland. 365 media is a leading and a full-scale broadcasting company in Iceland both in television, print, online news and radio. In recent years, it has also offered telecommunication services as a virtual network operator.

  With the merger, Vodafone acquired all operations of 365 related to telecommunications, television, radio and its online news site, visir.is. Excluded from the acquisition was the operation of a print media, including Fréttablaðið (Iceland’s largest newspaper) and publishing of the Icelandic version of the magazine Glamour.