Deals
TeliaSonera Agrees to Buy Tele2 Norway for $744 Million
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TeliaSonera AB agreed to buy Tele2 AB’s Norwegian business for 5.1 billion kronor ($744 million) to boost its share of the mobile-phone market in Scandinavia’s richest economy and approach the reach of Telenor ASA.
The deal will increase TeliaSonera’s mobile market share in Norway to about 40 percent from 23 percent while the subscription base will rise to 2.7 million from 1.6 million, the Stockholm-based company said in a statement. Telenor ASA remains the largest mobile carrier in Norway with 3.22 million wireless customers, according to data compiled by Bloomberg.