Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

TeliaSonera To Further Restructure In Business Area Eurasia - Quick Facts

TeliaSonera (TLSNY.PK, 0H6X.L) has sold its 18.6 percent stake in Smart Mobile, Cambodia, and has reached a deal to further increase its ownership in Ncell, Nepal. The company said that the transaction underlines its strategy to be a strong majority owner in core holdings such as Ncell, and divest non-core minority interests such as Smart Mobile in Cambodia.

If and when the agreement on the increase of ownership is finally consummated, TeliaSonera would increase its ownership in Ncell by 12.43 percent for today's market value. The parties have agreed not to disclose financial terms of the deal, but the transactions would have no effect on TeliaSonera's profit and loss statement.

Click here to receive FREE breaking news email alerts for TeliaSonera and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.