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France Telecom to acquire TeliaSonera?
2008-04-21 08:45:08 by dusanb in IntoMobile
 

TeliaSonera

France Telecom is reportedly in talks to acquire Nordic operator TeliaSonera. In a recent conference call with journalists, France Telecom's Finance Director Gervais Pellissier described the deal as "a strategic opportunity" and one that could be made through a combined cash and share offer. However, the company gave no timeframes for when a deal could be completed and warned the acquisition could mean it misses its debt target for the year.

TeliaSonera has a market value of around US$38 billion and is partly owned by the Swedish and Finish governments, which have 37% and 13.7% stakes in the mobile operator.

[Via: MarketWatch]

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Tags: telecom, france telecom, france, network rail deal, deal, recent conference call, partly owned, debt target, mobile operator
 
 
 
 
 
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