The Finnish Competition and Consumer Authority (“FCCA”) conditionally approved the acquisition by which Elisa Corporation acquires control over PPO-Yhtiöt Oy, Kymen Puhelin Oy and Telekarelia Oy. The parties to the transaction operate on the Finnish market for telephone and telecommunications services and their core activities encompass services provided in fixed and mobile networks. The FCCA’s investigation revealed that the proposed acquisition, as initially notified, would have raised competition concerns in fixed network broad band services in Joensuu, Kontiolahti and Oulu. To address the FCCA’s concerns, Elisa committed to divest the overlapping network owned by the parties in Joensuu and Kontiolahti and the consumer agreements on broadband services connected to the network. Further, Elisa committed to provide the buyer an option to acquire the overlapping DSL network in the municipality of Outokumpu. In view of the commitments, the FCCA concluded that the proposed acquisition would not significantly impede effective competition in the Finnish market or in any substantial part thereof. Source: The Finnish Competition and Consumer Authority 25/4/2013