TeliaSonera halfway towards target

Oct 07, 2009
From wire reports

VILNIUS - TeliaSonera Sweden’s largest telephone company, said it won’t raise its bid for shares in its Lithuanian subsidiary, TEO, that it doesn’t own yet, reports Bloomberg. The company says it will instead use the funds allocated for the Lithuanian buyout elsewhere, and increase its holdings in Eurasia in case interest in the TEO buyout offer runs low, says Chief Financial Officer Per-Arne Blomquist. The telecoms company, which entered the Baltic countries in 1991, in September bid 4.8 bi ...

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