2008-06-30

France Telecom withdraws its indicative offer

TeliaSonera’s Board of Directors confirms that there have been discussions with France Telecom regarding the terms of the non-binding, indicative offer presented on 5 June, 2008. As the terms and conditions have not been significantly improved, the Board of TeliaSonera maintains its view that the proposal substantially undervalues the company.

“TeliaSonera is a strong business with excellent growth prospects in its own right. The Board and management are focused on developing the company to its full potential, driving strong and sustainable earnings growth and maximising value for all shareholders,” says Tom von Weymarn Chairman of the Board of TeliaSonera.

Information about the company: Telia Company AB