The Lithuanian incumbent Teo is to acquire the mobile operator Omnitel from its current shareholder TeliaSonera for €220 million on a cash and debt-free basis.
TeliaSonera is to increase the focus on its Regions Europe and Sweden operations. At the same time, it has decided to reduce its presence in the Region Eurasia operation and over time leave the region.
TeliaSonera’s TV business performed steadily in the first quarter, both in the Nordics and Baltic Republics.
The Norwegian Competition Authority (Konkurransetilsynet) objects to TeliaSonera/NetCom’s acquisition of Tele2 Norway, in a preliminary viewpoint issued today.
TeliaSonera is to acquire Tele2 Norway from Tele2 AB for an enterprise value of SEK5.1 billion (€547.8 million), equivalent to a cash value of SEK5.3 billion.
TeliaSonera gained 17,000 TV subscribers in the first quarter, ending the period with 1.4 million.
TeliaSonera and its Lithuanian subsidiary TEO have adopted a group policy on freedom of expression in telecommunications.
Valdo Kalm will take over the running of TeliaSonera’s business activities in Estonia on April 1.
Four senior employees are to leave TeliaSonera for conducting transactions that have not been in line with sound business practice.
TeliaSonera would like to gain majority, if not 100%, control of Lattelecom and Latvian Mobile Telephone (LMT).