Telenor CEO 'no comment' on Telia tie-up

Reuters reports that the CEO of Telenor, Jon Fredrik Baksaas, declined to comment this morning on reports that the Norwegian telecoms group was interested in buying Swedish-based rival TeliaSonera. A member of TeliaSonera’s board was quoted by the Norwegian press as saying that Telenor was considering making a bid for the larger group after TeliaSonera rejected France Telecom’s friendly USD41 billion takeover offer last week.