Telenor of Norway to buy Vodafone Sweden
An AP newswire article, via The Globe and Mail, reports that:
Norway's Telenor ASA said yesterday it had agreed to buy Sweden's No. 3 mobile phone provider from Vodafone Group PLC for about €1-billion ($1.45-billion).
"The acquisition of Vodafone Sweden is in line with Telenor's growth strategy and will enhance our position in the Scandinavian mobile market," said Morten Karlsen Soerby, Telenor's executive vice-president.
State-controlled Telenor said the purchase will increase its share of the Scandinavian mobile market to 37 per cent, with 5.6 million subscribers.
posted by Fergie @ 11/01/2005 07:31:00 AM
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