TeliaSonera reveals plans to take over Sonofon or Orange in Denmark  

2003.08.04
Swedish-Finnish tele group TeliaSonera looks to acquisition as a means of reaching its target 20% share of the Danish market by 2005

Swedish-Finnish tele group TeliaSonera has plans to take over one of its Danish competitors, reveals senior executive Anders Igel in an interview with Swedish financial newspaper Dagens Industri. Igel is reported as saying that TeliaSonera is looking at either Sonofon or Orange, both of which have more customers than TeliaSonera’s Danish subsidiary Telia. Sonofon is owned by the Norwegian company Telenor and the US company Bellsouth while Orange is controlled by France Telecom.

 

Just like Orange, Telia is suffering large losses from its Danish operation and the company recently announced that by 2005 it must gain a 20% market share or have overtaken Sonofon as the second biggest mobile company in Denmark. Orange’s Danish boss Richard Moat has already rejected suggestions of a merger with other telecompanies. For its part, Sonofon has shown interest in being a part of a consolidation move in which several telecompanies would join forces on the Danish market. Sonofon is however earning money and is nothing like as hard-pressed as its Swedish and French competitors. The news is reported on Computerworld online.

 

TeliaSonera > www.teliasonera.com

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