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Electronics Production | October 11, 2004

TeliaSonera to buy Orange Denmark

Second largest mobile operator in Denmark formed - TeliaSonera closes deal and acquires Orange Denmark.
TeliaSonera, the leading telecommunications group in the Nordic-Baltic region, today announced that it had closed the deal with France Telecom to acquire Orange Denmark.

"The transaction confirms TeliaSonera's long-term commitment to the Danish market and it strengthens our Nordic footprint in a way that will increase our overall competitiveness in pan-Nordic offerings", says Anders Igel, President and CEO of TeliaSonera.

"Profiting from the resources of TeliaSonera, we can develop unmatched new attractive and innovative services for our growing residential and business market in Denmark," says Kenneth Karlberg, President, TeliaSonera Norway, Denmark and the Baltic countries.

The acquisition was announced 8 July 2004 and following approval by the European Commission on 24 September, the parties have finalized the deal. Upon closing, TeliaSonera has paid EUR 605.8 million to acquire Orange A/S.

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