TeliaSonera offers 17% premium in share buyback

21 Feb 2011

Bloomberg reports that Stockholm-based group TeliaSonera will spend up to SEK9.9 billion (USD1.5 billion) in a share buyback offering a 17% premium over the closing price at Thursday 17 February. Shareholders in the Nordic telco have been offered the right to sell one share at SEK62 for every 28 owned. As CommsUpdate previously reported, the Swedish government – the holder of a 37.3% stake in TeliaSonera – said it is taking part in the share buyback ‘given that the terms are attractive and that the stakeholding remains the same.’

Sweden, Telia Company