Thursday, May 22, 2008

The half-mothers agree to move ahead

The Latvian government and TeliaSonera have agreed, as co-owners of Lattelecom, to study ways in which the fixed-line operator could implement functional separation. Agreement to functional separation of Lattelecom into wholesale and retail operations is a precondition for doing the swap of the Swedes 49 % share for the remaining state stake in LMT, the mobile operator and the real prize for TeliaSonera in this long dragged out process. Kenneth Karlberg talks about what was achieved:

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