Disqus
TeliaSonera has announced offers to buy out the shareholders in Lithuania’s TEO LT and Estonia’s Eesti Telekom. The company is offering SEK 1.56 billion ($222 million) for the outstanding 40% of TEO LT and SEK 3.3 billion ($468.4 million) for the 40% outstanding in Eesti Telekom. Both offers are not conditional and have no minimum threshold of shares acquired.
No specific reasons were given, except the usual talk of synergies. We see the move as TeliaSonera’s effort to strengthen its position in the region and eventually expand outside of Scandinavia. Moreover, the reason could be that because of the looming recession made the two companies more affordable, hence better targets for acquisition.
For the record, Eesti Telekom operates Estonia’s only IP-based TV service and also has investments in cable TV services, while Lithuania’s TEO LT has IPTV and DTT interests…
[Via: CellularNews]
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.
