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France Telecom has reportedly approached a series of financial institutions to arrange a 10 billion EUR loan that will enable it to acquire TeliaSonera. The French telecom giant, which is also known as the owner of the Orange mobile group, has been negotiating with the Nordic operator for quite some time now. However, it seems that the Swedish government, which owns 37% of TeliaSonera, is opposing the deal. National security reasons were cites as reasons, and at the moment they’re waiting for a report from the Swedish military.
According to the Financial Times, one solution to the security issues would be to spin-off TeliaSonera’s backbone network into a separate company. Still, it’s more likely Swedish government is using the security card to allow time for rival bids to be made.
As for the France Telecom’s financing deal, Financial Times suggests the loan could be a combination of loan and capital markets financing.
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.
