STOCKHOLM, Sweden-The Swedish government plans to sell about 30 percent of Telia, the state-owned telecommunications company, by this summer, according to international press reports. Reports value Telia at about $46.5 billion.
The initial public offering follows Telia’s collapsed merger with Norway’s Telenor late last year. Analysts said the IPO is part of Telia’s international expansion plans, which were put on hold during the merger talks, the reports said.
