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TeliaSonera to buy Tele2 Norway

Monday 7 July 2014 | 08:38 CET | News
Tele2 has agreed to exit the Norwegian market and sell its activities there to TeliaSonera for SEK 5.3 billlion cash. The decision follows Tele2's failure to win additional spectrum rights in the auction in December 2013 in Norway. Tele2 said in March it was considering strategic options, including a sale or partnership, for the Norwegian activities. The sale, which puts the enterprise value of Tele2 Norway at SEK 5.1 billion, will result in a capital gain of SEK 2 billion for Tele2. TeliaSonera will benefit from an additional 1.2 million customers, enhanced network scale and a quicker

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Categories: Mobile & Wireless
Companies: Tele2 / Tele2 Norway / Telia
Countries: Norway
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