MacUpdate Weekend Sale :This weekend MacUpdate has slashed prices on Painter 12 and Painter Lite. Painter 12 retails for $429, but has been reduced by 54% to $199. Painter Lite has seen a 58% price cut from $69 to $29. Hurry, because these deals are only available until May 19th 2013.      

France Telecom backs out of TeliaSonera deal

updated 10:00 am EDT, Mon June 30, 2008

 

F Telecom Backs Off Telia


TeliaSonera today confirmed late-breaking rumors on Monday with the announcement that France Telecom has withdrawn its takeover bid for the company, putting an end to the potentially significant merger of the two companies. Sweden-based TeliaSonera maintains that France Telecom has not "significantly" improved its bid that was hinted at on Sunday and insists that the French firm would have undervalued TeliaSonera, which claims that it's strong enough without other companies' help.

France Telecom has declined comment other than to say it was unable to reach an agreement; the company is believed to have little room to negotiate a price without any rival bidders and with no urgent need to acquire the smaller company.

France Telecom runs the major European telecoms provider Orange and would have been one of the few non-native carriers to gain significant ground in Scandinavian countries by buying TeliaSonera, which commands a large portion of the market for cellular phone service and other businesses in its home territory.


By Electronista Staff

Post tools:

TAGS :  

industry, Orange, TeliaSonera, France Telecom
toggle

Previous Comments

  1. ZinkDifferent

    Fresh-Faced Recruit

    Joined: Jan 2005

    -1

    Which is what...


    ...Apple seems to be doing with Snow Leopard.

    It won't be Microsoft that's embarassed, it's the MacBU -- people need to realize that they are virtually different entities - even to the point where the MacBU is a laughing stock within Microsoft as well.


Login Here

Not a member of the MacNN forums? Register now for free.

 
close
Photo
toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Brother HL-3170CDW LED Printer

We've mentioned before that we are far from a paperless society. For now, at least, there are tasks that require a piece of paper for ...

HTC One

It is hard to overstate just how critically important the HTC One is to the Taiwanese company’s fortunes. Despite its alarming decline ...

Samsung Galaxy S 4

Samsung's new flagship Android smartphone, the Galaxy S 4, faces even stiffer competition than its popular predecessor. With a five-in ...

Sponsor

 
toggle

Popular News