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
Just over a year in market and it is getting out from the stores - That's going to be the fate for Microsoft's affordable Windows tablet, the Surface 3. The firm reportedly has confirmed its plans to end the production of the Surface 3 by the end of December 2016, citing the limited inventory for the device. Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed...
comments powered by Disqus
Follow RTT