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

TeliaSonera shares rise sharply on takeover rumours

Share this article

16:56 CEST+02:00
Shares in TeliaSonera shot up 9.2 percent by early Wednesday afternoon following speculation in French newspaper Le Figaro of a potential takeover bid France Telecom.

CEO Didier Lomabard has been open about his ambition to acquire other companies.

"According to the article, the company has received approval from the French state for the deal, which would indicate that there is more to it than just speculation," said Louis Landeman, a credit analyst with SEB bank.

TeliaSonera is on the Swedish government's list of companies that are slated for privatization. The Swedish state currently owns 37 percent of shares in the company.

TeliaSonera said it did not want to comment on the rumours.

Swedish operator Telia merged with its Finnish equivalent Sonera in 2002.

Get notified about breaking news on The Local

Share this article

From our sponsors

The ‘fairytale' boarding school nestled in a Swedish village

The words ‘boarding' and ‘school' often summon images of strict teachers, drab dormitories and downcast children. That image couldn't be further from reality at Sigtunaskolan Humanistiska Läroverket (SSHL), where boarders describe the ‘fairytale' school as a home away from home.

Advertisement