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Ljósleiðarinn ehf.'s acquisition of Sýn hf.'s network

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  • Case number: 37/2023
  • Date: 29/9/2023
  • Company:
    • Sýn hf.
    • Ljósleiðarinn ehf.
  • Sectors:
    • Telecommunications, IT and media
  • Policy Area:
    • Mergers
  • Summary

    The Icelandic Competition Authority (ICA) has examined the Ljósleiðarinn ehf.´s aquisition of Sýn hf. network. Ljósleiðarinn operates on the Icelandic wholesale markets for telecommunications services and their core business consists of the operation of a fibre optic network and the sale of products and services delivered through the network to telecommunications companies. Sýn has operations in the field of telecommunications services and media services. Sýn provides comprehensive telecommunications services including telephone, mobile, data transmission, television and Internet services.

    The ICA concluded that there were no grounds to intervene because of the merger, as there were no indications that a dominant market position would be formed or that the merger would otherwise lead to a significant distortion of competition.