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  • Tue, Feb. 9, 11:49 AM
    • Turkcell (TKC -1.5%) is going forward with an effort to buy out partner TeliaSonera (OTCPK:TLSNY +1.3%) in their Fintur Eurasian joint venture, its CEO says.
    • The company has a non-binding bid in and will follow with a another offer after it completes due diligence, says CEO Kaan Terzioglu. TeliaSonera owns the other 58.55% of the venture, which owns operators in Azerbaijan, Georgia, Kazakhstan and Moldova.
    • Meanwhile, despite tough timing on the sale, TeliaSonera says "Several parties are interested in our holdings in Fintur and one of them is Turkcell."
    • As much as TeliaSonera is interested in getting out of the region, Turkcell has been pursuing more cross-border expansion after the end of a long boardroom deadlock broken by regulators.
    • Previously: TeliaSonera facing tough economic timing on Eurasian sale (Jan. 29 2016)
    • Previously: RenCap: Turkey may be best bet for emerging telecom growth, dividends (Jan. 04 2016)
    | Tue, Feb. 9, 11:49 AM
  • Oct. 19, 2015, 11:26 AM
    | Oct. 19, 2015, 11:26 AM
  • Sep. 11, 2015, 11:41 AM
    • Sweden's TeliaSonera (OTCPK:TLSNY +0.1%) and Norway's Telenor (OTCPK:TELNY -1.7%) have abandoned a merger of operations in Denmark amid strict opposition from EU regulators -- the first such opposition after a couple of years of mobile consolidation.
    • That consolidation happened under then-Competition Commissioner Joaquin Almunia, who was succeeded by Margrethe Vestager last November.
    • "What we were looking at were very serious concerns," said Vestager about the Danish market. "To me it was necessary to have a fourth mobile operator." She said there shouldn't be conclusions drawn about the UK and Italy, however, where similar deals could reduce the number of national operators to three each.
    • TeliaSonera and Telenor faced a relatively easier tie-up in Denmark operationally, as the two already share a network, but also thus had fewer options for divestment to satisfy regulators.
    • Shares in Danish market leader TDC fell 7.7% in Copenhagen, and are down 8.2% in OTC trading (OTCPK:TDCAF).
    | Sep. 11, 2015, 11:41 AM
  • Jun. 22, 2015, 12:13 PM
    • With consolidation in the air, telecom players are trading significantly higher today Europe-wide.
    • Telefonica (TEF +4.5%), Telecom Italia (TI +1.9%), Orange (ORAN +8.2%), Vodafone (VOD +1.8%), KPN (OTCPK:KKPNY +5.5%), Deutsche Telekom (OTCQX:DTEGY +5.4%), Belgacom (OTCPK:BGAOY +2.7%), TeliaSonera (OTCPK:TLSNY +1.9%) and Pharol (OTCPK:PTGCY +8.5%) are all among firms getting a punch up today.
    • The richness of the proposed deal by Numericable-SFR (Altice, OTC:ATCEY) for Bouygues Telecom (OTCPK:BOUYY) -- at €10B, it suggests one of the highest regional industry EBITDA multiples (14.4x) in years -- may be lifting firms in a consolidation-friendly atmosphere, even with the hurdles this deal has to overcome.
    • French regulators have gone on the record against the deal, calling for investment: “Consolidation isn’t advisable for the sector,” says econ minister Emmanuel Macron. “Employment, investment and giving customers the best possible service should be the priority.”
    • In addition, a reluctant Martin Bouygues would need to be convinced to change his mind and sell.
    • Previously: Altice confirms Bouygues Telecom bid (Jun. 22 2015)
    | Jun. 22, 2015, 12:13 PM | 2 Comments
  • Jun. 12, 2015, 9:01 AM
    • Virgin Group, looking for a a way into Spain's telecom market, is poking around buying mobile firm Yoigo from TeliaSonera (OTCPK:TLSNY).
    • It would be a second go-round for a sale of Yoigo, as a first pass two years ago failed to draw big enough bids. Vodafone, a buyer at that time, entered via a purchase of cable operator Ono.
    • Even now Yoigo may draw less than Ono, or Jazztel (OTCPK:JAZTF) in its recent sale to Orange. In 2013 it was expected to go for about €1B.
    | Jun. 12, 2015, 9:01 AM