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Trading in TeliaSonera AB starts today.

TELECOMWORLDWIRE-9 December 2002-Trading in TeliaSonera AB starts today(C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com

The Finnish and Swedish telecomms operators Sonera Corporation and Telia AB announced today (9 December) that the merger between the companies had been completed.

Telia has changed its name to TeliaSonera AB and Sonera has become a 94.9% owned subsidiary of the new company. Sonera's exchanged shares and exchanged warrants have been delisted from Helsinki Exchanges.

Telia shares and warrants issued in connection with the merger have been delivered and trading would commence on the Stockholm Exchange, Helsinki Exchanges and NASDAQ, the companies said.

As a result of the completion of the exchange offer, the Finnish state's shareholding in Sonera fell from 52.8% to 0%, and its holding in TeliaSonera increased to 19.0%.

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Publication:Telecomworldwire
Article Type:Brief Article
Geographic Code:4EUFI
Date:Dec 9, 2002
Words:145
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