TeliaSonera says 'non' to Gallic advances
TeliaSonera has turned down a $42bn offer from France Telecom, owner of the Orange brand, after the board decided unanimously that the company was worth more than that. This belief is in stark contrast to France Telecom shareholders, who sent the company's shares down 3.4 per cent when the offer became public, reflecting a …
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good
The number of foreign companies that FT is sucking money from, and applying its own missmanagement rules, is already high enough. Good to see Telia Sonera spared from this fate.
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