OSLO, Norway-Tele Danmark and partner SBC Communications Inc. agreed to sell their combined 40-percent stake in Norway’s mobile operator NetCom ASA to Sweden’s Telia.
In May, Tele Danmark purchased 25,000 additional shares in NetCom and attempted to take control of the operator with a $34 per share offer. In June, Telia acquired 55 percent of NetCom for $2.5 billion or $53 per share.
Tele Danmark agreed to sell its stake following mounting pressure from Telia and approval by the Norwegian government for the Telia acquisition.
