The France Telecom-TeliaSonera saga continues as the two parties met for talks late on Sunday, after France Telecom indicated it would sweeten its bid.
According to The Wall Street Journal’s sources the discussions could “lead to an agreement or fall apart at any moment.” France Telecom has set an informal deadline for today (Monday) to reach a deal with the Scandinavian telecoms group or walk away, the paper said.
French Le Figaro confirmed the deadline, saying the situation would “take a decisive turn” on Monday or Tuesday.
Now, after the Swedish military okayed the deal, it’s all about the money. We’ll probably have more to report later in the day or tomorrow. Stay tuned…
[Via: Reuters]