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TeliaSonera, the same company that we thought will be either bought by France Telecom or merge with Telenor, announced that it has acquired controlling interests in two mobile operators, Spice Nepal Private Limited in Nepal and Applifone Co Limited in Cambodia.
Under the agreement, TeliaSonera will actually acquire 51% of the shares and votes in TeliaSonera Asia Holding B.V. from Kazakhstan-based diversified investment and advisory firm, Visor Group, that will remain owner of the other 49%. TeliaSonera Asia Holding B.V. owns 80% of the shares and votes in Nepal’s Spice Nepal and 100% of the shares and votes in Cambodia’s Applifone.
TeliaSonera expects to complete the transaction, which will cost approximately SEK 3.2 billion ($484 million), on October 1, 2008, and to consolidate the mobile operations in Nepal and Cambodia as of the same date.
Spice Nepal is the second largest mobile operator in Nepal, while Applifone is a start-up carrier in Cambodia.
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.
