Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Vodafone Sells Swedish Operations to Telenor
Posted on 1-Nov-2005 09:08 | Tags Filed under: News



Vodafone has agreed to sell its 100% interest in Vodafone Sweden to Telenor, the pan-Nordic telecommunications operator.

Vodafone Sweden is being sold for an Enterprise Value of EUR 1,035 million (GBP 704 million). Net cash proceeds to Vodafone after assumption of net debt by Telenor will be approximately EUR 970 million (GBP 660 million).

"We have a good business in Sweden, but the particular industry structure and regulatory environment means that it makes more sense for our customers, our employees and our shareholders for a pan-Nordic player like Telenor to own the company. I'm sure that Telenor will be able to serve our customers well, particularly in the corporate sector, given its presence across the Nordic region" said Arun Sarin, Chief Executive of Vodafone,

Vodafone and Telenor have agreed the terms of a Partner Network Agreement in Sweden, allowing Vodafone Sweden and Vodafone customers to continue to benefit from Vodafone's global brand, products and services in Sweden.

As a result of the transaction, Vodafone will record an impairment charge of approximately GBP 0.5 billion in its interim results for the six months ended 30 September 2005.







comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Tipping? Please no!
Created by BlueShift, last reply by Wiggum on 25-May-2017 22:12 (97 replies)
Pages... 5 6 7


Bombing at Manchester concert, 19 dead
Created by Rikkitic, last reply by gzt on 26-May-2017 01:01 (118 replies)
Pages... 6 7 8


Father banned from watching daughter's netball game: what you think of this?
Created by Rikkitic, last reply by frankv on 25-May-2017 16:29 (136 replies)
Pages... 8 9 10


Tailgaters?
Created by Linuxluver, last reply by reg52nz on 25-May-2017 16:29 (113 replies)
Pages... 6 7 8


The President Of The USA: Donald Trump
Created by TimA, last reply by kingdragonfly on 23-May-2017 07:44 (4357 replies)
Pages... 289 290 291


Variable speeds on Fibre Max
Created by kapitikarl, last reply by pandazzz on 25-May-2017 21:03 (38 replies)
Pages... 2 3


PBtech 24 year sale - credit where its due
Created by TeaLeaf, last reply by rb99 on 25-May-2017 21:46 (16 replies)
Pages... 2


Post your Linux Desktop screenshot
Created by MikeB4, last reply by timmmay on 25-May-2017 20:57 (16 replies)
Pages... 2