HELSINKI--(BUSINESS WIRE)--Regulatory News: Eltel (STO:ELTEL) The Norwegian Competition Authority has approved the merger between Eltel Networks AS and Eltel Sønnico AS. This means that one condition for completion of the transaction, of Eltel acquiring the other half of the JV Eltel Sonnico AS in Norway from its partner Umoe, is fulfilled. Eltel and Umoe are now in a process of finalizing certain confirmatory reviews and necessary legal registrations in Norway before an expected closing of the
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