Telecoms.com – Tele2 sells out of Norway
Bengt Nordström, a Scandinavian mobile strategy consultant, thinks the whole process could have been handled better. “This is the predictable result of a pretty miserable and failed spectrum licencing process, which has resulted in pretty dramatic consolidation,” he said.
“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.”