Swedish-based telecoms group TeliaSonera has proposed to change its name to Telia Company, and will put the decision to a vote on 12 April at the company’s Annual General Meeting. A corporate release says that the new name would signify a new strategy to become a ‘New Generation Telco.’ CEO Johan Dennelind declared: ‘We want to build the new digital society and empower people, companies and societies to stay in touch with everything that matters to them. Now we’re about to take the next step. The new name Telia Company is a proof point of our journey to shape the New Generation Telco – the company that will change the industry.’ In September 2015 TeliaSonera announced a strategy to reduce its presence in Eurasia and focus on the Nordic and Baltic markets, whilst recently its operations in Estonia and Norway took the name Telia – a brand which four out of seven European divisions are now carrying.
TeleGeography’s GlobalComms Database notes that the group was formed in 2002 via the merger of Swedish national PTO Telia and its counterpart in Finland, Sonera, but whilst the Swedish government continues to hold a significant stake (currently 37.3%) in TeliaSonera, the Finnish government has sold off its shares in phases (retaining 3.2%).