logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Senate Republicans released a draft of their version of legislation to repeal and replace Obamacare on Thursday, with a vote on the 142-page bill expected as soon as next week. The bill, called the Better Care Reconciliation Act, repeals Obamacare's individual and employer mandates as well as the... A local cable and broadband provider in Texas has filed a lawsuit against Comcast Corp., alleging that the cable giant and its contractors drove it out of business by severing its business cable lines after it rejected Comcast's buyout offer. The lawsuit was filed last week in Harris County, Texas, court by Anthony Luna, owner of Telecom Cable LLC. John Oliver, the host of HBO's Sunday Show "Last Week Tonight," HBO and Time Warner have been sued by coal baron Robert Murray for mocking him and his coal company on the show's most recent episode. Murray had previously sent the show its first cease-and-desist letter.
comments powered by Disqus
Follow RTT