The European Commission has approved the creation of a telecommunications joint venture in Sweden by British Telecom, Tele Danmark and Telenor, the Danish and Norwegian public telecom operators. The new company will provide domestic and international services for both voice and data in competition with existing Swedish operators such as Telia and Tele2. The new joint venture - provisionally called TBT Communication AB - will combine the existing telecom service activities of the three parent companies in Sweden. It will offer telecom services to both residential and corporate customers, and will be both a network operator and service provider. It will, in principle, offer communication services throughout all of Sweden. At first, however, its efforts will be concentrated on the triangle represented by Stockholm, Goteborg and Malmo which represent 50% of the business market.