Government proposes TeliaSonera share sale

5 Mar 2007

Sweden’s government on Friday presented a bill to parliament to sell state holdings in six companies, including the country’s largest telecoms operator TeliaSonera. The Swedish state currently owns 45.3% of TeliaSonera, whilst the Finnish government has 13.7%; the remainder is distributed. The government did not reveal when it would sell the stakes, nor whether it would sell all or just part of its various holdings. The centre-right government, which came to power after ousting the Social Democrats in general elections in September 2006, previously announced the most extensive privatisation programme since the 1990s as part of its election platform.

Sweden, Telia Company, Telia Sweden