FT appoints advisor as it looks to progress TeliaSonera bid

3 Jun 2008

French telecoms heavyweight France Telecom (FT) has reportedly appointed investment bank Perella Weinberg Partners as its financial advisor as it assesses options to make a bid for Nordic telecoms group TeliaSonera, IJ Online reports. Last week CommsUpdate wrote that FT had approached a number of banks to secure a EUR10 billion (USD15.6 billion) loan facility to pay for an ‘unspecified acquisition’. The move, leaked by unnamed banking sources, has sparked fresh rumours that the French telco could use the money to help launch a bid for TeliaSonera. Last month, FT’s head of finance Gervais Pellissier confirmed that the company was in the early stages of examining the possibility of a merger with the Swedish telecoms group, but was also looking at other multi-national players, including Norway’s Telenor, in an attempt to expand its emerging markets and mobile broadband businesses.

France, Sweden,Orange Group, Telia Company,



Have feedback, corrections, or story ideas? Send them to editors@commsupdate.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
  • Regulators

Learn more about advertising on CommsUpdate.