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.