Sweden's news in English

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

TeliaSonera sale yields Swedish state 18 billion kronor

Share this article

15:24 CEST+02:00
The Swedish state's sale of eight percent of semi-public Swedish-Finnish telecom operator TeliaSonera yielded 18 billion kronor ($2.67 billion), the government said on


The TeliaSonera shares were sold for 50 kronor each to institutional investors only, the government said in a statement. The sale began Wednesday and was completed by Thursday around midday.

The price of the share was stable on the Stockholm stock exchange on completion of the sale at 51.50 kronor, after plunging by 6.0 percent on Wednesday.

The Swedish state remains the biggest shareholder in TeliaSonera, the Nordic region's largest telecom operator, with 37.3 percent. The Finnish state holds 13.7 percent.

The sale kicked off the centre-right government's privatisation plans.

The four-party alliance that came to power in October intends to sell all or part of the state's holdings in six companies. The other five are banking group Nordea, OMX stock exchange, wine and spirits manufacturer Vin & Sprit, real estate company Vasakronan and mortgage lender SBAB.

The government has previously said it expected the sales to bring in 150 billion kronor to state coffers over three years.

Get notified about breaking news on The Local

Share this article

From our sponsors

How to work 9-5 and travel the rest of the time

A full-time job shouldn't stop you from satisfying your wanderlust. The Local spoke to Travel After 5 blogger Alline Waldhelm to find out her tips and tricks for travellers who only have 25 days of annual leave.