Norway’s Telenor is rumoured to be preparing a takeover bid for Vodafone Sweden, according to the UK’s Business newspaper. The buyout, estimated to be worth USD945 million, is seen as the ideal way for Telenor to boost its operations in Sweden where it currently has just over 100,000 subscribers. It currently languishes well behind market leader TeliaSonera which has an estimated subscriber base of 4.3 million. Vodafone is presumed to be disillusioned with its Swedish operation, despite controlling 1.5 million mobile subscribers, and is frustrated by slow growth in a saturated market with few opportunities for growth for the global operator. The Norwegian firm refused to comment on the rumours while Vodafone repeated a previous statement that it was happy with its investment in the Swedish subsidiary.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors