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Nordic telecom TeliaSonera strengthens Baltic business by merging Lithuanian operators

2015-10-06 12:01:44| Telecom - Topix.net

TeliaSonera AB says it is combining its two Lithuanian subsidiaries as the Swedish-Finnish telecommunications operator strengthens its business in the Nordic and Baltic region. TeliaSonera says its fixed line operator Teo will acquire mobile operator Omnitel for 220 million euros on a cash and debt free basis and the combination is estimated to generate annual synergies of around 10 million euros when implemented.

Tags: business telecom operators nordic

Category:Telecommunications

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