TeliaSonera anticipates improved earnings, following mixed Q2

TeliaSonera said that it expects its earnings trend to “improve somewhat in the second half of the year”, but warned of increased risks related to its Eurasia business. The guidance came as the company reported Q2 net income attributable to …

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TeliaSonera, Telenor name top execs for proposed Danish JV

TeliaSonera and Telenor appointed three execs, including CEO Hilde Tonne, to run their merged operation in Denmark, which is awaiting approval by the European Commission. In addition to Tonne (pictured), Soren Abildgaard was named as Deputy CEO and Dennis Kilian …

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TeliaSonera reshuffles execs, CTO to leave

TeliaSonera made changes among its top management with Helene Barnekow becoming EVP Sweden, Malin Frenning (pictured) taking up a new role in charge of technology and transformation, and Sverker Hannervall stepping down as CTO. This is not an abrupt departure …

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EC regulator set to warn on Danish consolidation

The European Commission (EC) will this week press Telenor and TeliaSonera for more concessions if they want their proposed merger in Denmark to go ahead, according to Reuters. The two operators announced plans to merge back in December, with the …

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TeliaSonera Q1 sales boosted by currency swings; profits hit by Russia, Turkey

TeliaSonera’s Q1 revenue climbed 8.8 per cent, year-on-year, to a shade over SEK26 billion ($3 billion), but strip out favourable currency swings and sales were up by a more subdued 1.5 per cent. Reported service revenue was up 6.5 per …

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EC digs deeper on proposed Danish merger

The European Commission opened an in-depth investigation into whether TeliaSonera and Telenor should be allowed to merge their Danish operations, as the regulator’s policy towards in-market consolidation again comes under the spotlight. The regulator has concerns that the merged entity …

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Cukurova makes move to control Turkcell – reports

In the latest twist in the long-running saga to take control of Turkcell, Turkey’s largest mobile operator, Cukurova Holding, a Turkish conglomerate, launched an arbitration process to buy out the indirect Turkcell stake held by Russia’s Alfa Group. Under Turkcell’s …

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TeliaSonera says whistleblowing scheme has exposed potential corruption

TeliaSonera said its ‘Speak-Up Line’ – an innovative scheme introduced last year to encourage employees to flag wrongdoing – helped uncover “potentially fraudulent transactions” involving former senior level employees at Kcell, its Kazakhstan subsidiary. TeliaSonera admitted last year it may …

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Europe’s new antitrust chief warns on consolidation — report

EU antitrust chief Margrethe Vestager cautioned that consumer pricing must be protected following a recent spate of M&A activity in Europe. Speaking with the Financial Times, Vestager (pictured) also questioned whether consolidation could encourage greater network investment. On the first …

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