TeliaSonera will acquire Tele2’s operations in Norway for SEK 5.1 billion (US$750 million). Tele2 has approximately 1.1 million mobile customers in Norway.
TeliaSonera said the deal adds to its base of 1.6 million users in Norway, giving it a 40% share of the market. The company has also committed itself to a 98 percent population coverage for 4G by 2016, two years ahead of its obligations.
“I am delighted that we have reached an agreement to acquire Tele2 in Norway. This is a great strategic fit for TeliaSonera and in line with our ambition to strengthen our position in our core markets. At the same time it enables us to both faster and further invest and deliver best in class services to the benefit of Norwegian customers and society,” says Johan Dennelind, President and CEO.