Wednesday, June 18, 2008

The half-mother TeliaSonera selling itself too cheaply?

TeliaSonera, the half-mother of Latvia's Lattelecom and indirect 60 % holder of mobile operator Latvian Mobile Telephone (LMT) has been berated by Sweden's National Audit Office for being unprepared to sell itself for the best price. See this report in the English-language portal TheLocal. This is especially embarrassing as TeliaSonera is still being courted by France Telecom after rejecting an initial take-over offer. Next in the wings could be Norway's Telenor, also said to be interested in a pan-Nordic merger.
In Latvia, meanwhile, Jack Shit is happening (other than some marketing activity by all the mobile operators pushing mobile internet, the Amigo pre-paid service, a subsidiary of LMT, offering post-paid services). Nothing new on the Lattelecom privatization/nationalization, and nothing should be expected over the summer as new valuations are done.

1 comment:

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