Feeds

TeliaSonera says 'non' to Gallic advances

France Telecom offer rejected

Security and trust: The backbone of doing business over the internet

TeliaSonera has turned down a $42bn offer from France Telecom, owner of the Orange brand, after the board decided unanimously that the company was worth more than that.

This belief is in stark contrast to France Telecom shareholders, who sent the company's shares down 3.4 per cent when the offer became public, reflecting a belief that TeliaSonera was being overvalued.

While owning the largest operator in Sweden would no-doubt be a nice thing, and the economies of scale favour growth, the target's holdings in Russia and the rest of eastern Europe are the real attraction. TeliaSonera has operations in the Ukraine, Turkey, Tajikistan and Estonia to name just a few, and most of the European operators are looking to expand in that direction.

The TeliaSonera board may have rejected the initial offer, but France Telecom is planning to spend a couple of weeks considering its position and negotiations will continue. The final decision will depend on the Finnish and Swedish governments, which between them own a controlling interest in TeliaSonera, but neither will comment for the moment. ®

Protecting users from Firesheep and other Sidejacking attacks with SSL

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Turnbull: NBN won't turn your town into Silicon Valley
'People have been brainwashed to believe that their world will be changed forever if they get FTTP'
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.