DENMARK:TELIA AND TELENOR TARGET SONOFON

Article Abstract:

Both Telenor of Norway and Telia of Sweden are interested in buying stakes in Sonofon, a Danish mobile telephony company. Telenor CEO Tormod Hermansen said yesterday that he has recently visited BellSouth of the US, which is a major shareholder in Sonofon, but declined to reveal more details about the matter. Borsen's source in Swedish Telia says even Telia is planning to submit a bid for Sonofon. Telia's own Danish mobile telephony company is not successful and by acquiring Sonofon, Telia would rapidly become an effective operator in Denmark. Another motive behind Telia's plans may also be a desire to make sure that its rival Telenor does not get Sonofon too cheap. Vodafone Airtouch has also been mentioned as a possible buyer of Sonofon. The company has not commented on this rumour. MD Jorgen Lindegaard of GN Store Nord, which is Sonofon's Danish shareholder, declines to comment rumours about a possible sale of Sonofon.

Asset sales & divestitures, Telia AB

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DENMARK: SONOFON DEAL GETS THE GREEN LIGHT

Article Abstract:

The Telecoms Authority and the European Commission have now given their approval for GN Store Nord's sale of Sonofon to Telenor, a deal published in June. Telenor paid DKr14.7bn (US$1.8bn) for Sonofon shares.

Government regulation (cont), European Union. European Commission

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