Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Vodafone sells Swedish arm

Share this article

17:14 CET+01:00
British telecom giant Vodafone announced on Monday an agreement to sell its 100-percent interest in Vodafone Sweden to Telenor, the Norwegian telecommunications operator, for €1.035 billion.

Vodafone chief executive Arun Sarin added that 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.

Net cash proceeds to Vodafone after assumption of net debt by Telenor will be approximately €970 million, a statement to the London Stock Exchange said.


Get notified about breaking news on The Local

Share this article

From our sponsors

Why Europe's top talent still flocks to London

London has always had a certain allure that pulls in entrepreneurs from near and far. As one of the world's most connected cities, a top financial centre and a multicultural melting pot, countless professionals from Europe and beyond are drawn to London like moths to a flame.