TeliaSonera acquires majority holding in NextGenTel Holding ASA.
Finnish-Swedish telecomms group TeliaSonera AB said on Tuesday (16 May) that it had acquired an 82.3% holding in the Norwegian broadband provider NextGenTel Holding ASA.
The acquisition would broaden TeliaSonera's offerings in Norway, where the company is number two player in mobile communication.
TeliaSonera would pay a total of NOK1.54bn in cash for the shares.
Following the acquisition TeliaSonera would present a public offer to the remaining shareholders in NextGenTel in line with the rules in Norway for mandatory offers.
NextGenTel would continue to operate as a broadband provider under its own brand in the Norwegian market.
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|Comment:||TeliaSonera acquires majority holding in NextGenTel Holding ASA.|
|Publication:||Internet Business News|
|Article Type:||Brief article|
|Date:||May 16, 2006|
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