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EU Regulator OKs Verdane's BLDNG.ai Takeover, Joint Acquisition of Telenor's Telenor Connexion

MT Newswires·08/13/2026 07:17:07
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07:17 AM EDT, 08/13/2026 (MT Newswires) -- The European Commission approved Sweden-based Verdane IoT TopCo's takeover of BLDNG.ai and its joint acquisition of Telenor Connexion alongside Norwegian telecommunications company Telenor (TEL.OL). The European Union regulator said Thursday that the transactions, which concerns the supply of internet-of-things connectivity and related data analytics services, are not expected to raise competition concerns.