T-Mobile Netherlands BV has completed its acquisition of Tele2 AB's Dutch unit, Tele2 Nederland BV.
Tele2 AB has received a cash payment of €190 million, according to a Jan. 2 news release.
Post merger, Tele2 and T-Mobile Netherlands' parent, Deutsche Telekom AG, will own equity holdings of 25% and 75% in T-Mobile Netherlands, respectively.
The news follows the European Commission's approval of the proposed deal, despite raising potential competition concerns.
Following an investigation, the commission concluded that the transaction would not raise competition concerns in the European Economic Area. It added that the deal would not lead to significant price increases or affect the level of mobile services offered to Dutch consumers.