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France Telecom is reportedly in talks to acquire Nordic operator TeliaSonera. In a recent conference call with journalists, France Telecom’s Finance Director Gervais Pellissier described the deal as “a strategic opportunity” and one that could be made through a combined cash and share offer. However, the company gave no timeframes for when a deal could be completed and warned the acquisition could mean it misses its debt target for the year.
TeliaSonera has a market value of around US$38 billion and is partly owned by the Swedish and Finish governments, which have 37% and 13.7% stakes in the mobile operator.
[Via: MarketWatch]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
