Light Reading – Eurobites: Etisalat Embraces 400G OTN

Following disappointment in the most recent auction of mobile spectrum in Norway, Tele2 AB (Nasdaq: TLTO) has decided to sell its Norwegian unit to rival TeliaSonera AB (Nasdaq: TLSN) for SEK 5.1 billion (US$744 million). Bengt Nordstrom, an analyst with Northstream , has some strong words on the matter: “This is the predictable result of a pretty miserable and failed spectrum licencing process, which has resulted in pretty dramatic consolidation,” he says in a statement emailed to Light Reading. “Norway now essentially has two strong operators, plus a very small outfit with lots of spectrum, little infrastructure and few customers. It seems like a good deal for TeliaSonera, and Tele2 shareholders will get decent returns. But it’s a timely reminder for the mobile industry that poor regulatory decisions can create uncertainty that makes a mockery of huge infrastructure investments.” Ouch.

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Mobile World Live - Tele2 puts end to Norway speculation with TeliaSonera deal

Initial analyst reaction to the deal was negative, particularly in terms of its effect on the overall Norwegian mobile market. “This is the predictable result of a pretty miserable and failed spectrum licencing process, which has resulted in pretty dramatic consolidation,” said Bengt Nordström, CEO of Northstream. ”Norway now essentially has two strong operators, plus a very [...]
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