Parliament puts kybosh on TeliaSonera stake sale

18 Mar 2011

Sweden’s parliament has voted to halt the government’s planned sales of state-owned stakes in several companies including telecoms group TeliaSonera. The legislature voted 172-170 against the minority centre-right coalition’s plan to reduce stakes in the Stockholm-based telco, postal company Posten Norden, power utility Vattenfall and mortgage lender SBAB. Opposition politicians of the Social Democrat, Green, Left and Sweden Democrat parties joined forces to block the privatisations. Seven of 349 MPs in the Riksdag did not vote. TeleGeography’s GlobalComms Database shows that the Swedish government is the largest shareholder in TeliaSonera with a holding of 37.3%, whilst the Finnish government holds 13.7%; the remainder is distributed. The Swedish government sold an 8% stake in TeliaSonera to institutional investors for SEK18 billion (USD2.7 billion) in May 2007.

Sweden,Telia Company, Telia Sweden,

Subscribe



Feedback

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

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

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.

Share