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France Telecom-TeliaSonera saga ends as France Telecom walks away from the deal

Categories: General
By: , IntoMobile
Wednesday, July 2nd, 2008 at 1:16 AM

France Telecom-TeliaSoneraJust 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]

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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.