France Telecom-TeliaSonera saga ends as France Telecom walks away from the deal
By Dusan Belic on Wednesday, July 2nd, 2008 at 1:16 AM PST In General
Just as we reported earlier this week, France Telecom-TeliaSonera saga is now officially over. France Telecom, Europe’s third-largest telecommunications company, said it’s decided not to submit a firm offer for TeliaSonera because it couldn’t reach an agreement with the Swedish company’s board members on financial conditions.
Were Swedes to greedy, or they didn’t want to see the French company becoming the majority owner of the Nordic telco? It’s hard to say at this stage. However, one thing is certain — as Swedish government decided to sell its stake in TeliaSonera, we’ll probably see other companies sending proposals their way.
We also know Telenor may be interested to merge with TeliaSonera, but not much is known about their offering. We’ll see where this goes…
[Via: MarketWatch]
