France Telecom not buying TeliaSonera

Jun 30 2008, 2:05am CDT | by Luigi Lugmayr

France Telecom drops offer for TeliaSonera.

France Telecom made a preliminary offer of 33 billion Euros for Swedish carrier TeliaSonera earlier this month.

TeliaSonera's board concludes that the offer is way to low.“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 maximizing value for all shareholders,” says Tom von Weymarn Chairman of the Board of TeliaSonera.

Teliasonera will bring the iPhone 3G to Sweden.
Via the TeliaSonera site.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.