Bloomberg reports that Stockholm-based group TeliaSonera will spend up to SEK9.9 billion (USD1.5 billion) in a share buyback offering a 17% premium over the closing price at Thursday 17 February. Shareholders in the Nordic telco have been offered the right to sell one share at SEK62 for every 28 owned. As CommsUpdate previously reported, the Swedish government – the holder of a 37.3% stake in TeliaSonera – said it is taking part in the share buyback ‘given that the terms are attractive and that the stakeholding remains the same.’
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