The transaction was completed by a digital closing on 5 May. A series of companies was merged in Norway, Sweden, Finland and Denmark. Haavind assisted Telenor, and has assisted Telenor in every step of the transaction.
On 22 October 2020 Telenor and NENT signed a merger agreement for the merger of Canal Digital and Viasat Consumer. The merger establishes a company with a total turnover of approx. NOK 7,5 billion and with approx. 1.2 million customers. On Friday 30 April 2020 the EU commission approved the merger, and the merger was completed on Tuesday 5 May 2020.
At Haavind, Andreas Vik and Kjetil Hardeng lead the negotiations and the drafting of the extensive agreements, while Louise Heffermehl and Kjetil have worked with the closing of the transaction. Haavind has closely cooperated with the law firm Bech-Bruun in Denmark who assisted NENT. Orrick in London has prepared the competition filing to the EU commission.