Swedish government committed to TeliaSonera sale, if elected

27 Aug 2010

Ahead of elections in less than a month, Sweden’s centre-right government has announced that amongst its aims for the coming four-year period it intends to reduce the state’s 37.3% stake in incumbent telecoms operator TeliaSonera if it is re-elected. TeleGeography’s GlobalComms Database notes that in May 2007 the government divested an 8% stake in TeliaSonera to institutional investors for SEK18 billion (USD2.68 billion). The state wants to sell further shares in the telco alongside holdings in bank Nordea and mortgage lender SBAB. Proceeds from the divestments are earmarked to reduce public debt.

Sweden, Telia Company, Telia Sweden