| Title: | TELECOM MERGERS AND ACQUISITIONS |
| Price: | $168.00 |
| Publication Date: | Apr 12, 2008 |
| Source: | INFORMATION GATEKEEPERS NEWSLETTERS |
| Brief Excerpt: | ...TeliaSonera has submitted its bid of $#.## billion for buying ### percent of Latvia-based Lattelecom in response to a bid from private equity group Blackstone. Earlier, a plan by TeliaSonera of buying the mobile business could not materialize after the government rejected Blackstone s bid to acquire the remaining portion of the company. On February #, ####, TeliaSonera and Blackstone made new proposals in a meeting with Lativian Prime Minister Ivars Godmanis. The government is likely to respond by the end February ####. TeliaSonera holds a ## percent stake in LTM as well as Lattlecom, had expressed its interest in acquiring the remaining shares of both firms. Its offer was rejected by the government, which did not want to provide the company with an opportunity of owning ## percent of the telephony market.Blackstone again offered to pay $###.## million for acquiring TeliaSonera s ## percent holding in Lattelecom, but is now willing to wait to buy the remaining ## percent from the government.... |
| Length: | 12 Pages |
| Geographic Region: | MULTINATIONAL |
| Industry: | TELECOMMUNICATIONS |
| Format: | 
Adobe Acrobat
|
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