>>> TeliaSonera Eurasian exits could fetch EUR 3.5bn; M&A spree unlikely



From: LAURENT CHEKROUN (MAKOR SECURITIES LO) At: Oct 7 2015 07:56:00
To: LAURENT CHEKROUN (MAKOR SECURITIES LO)
Subject: Fwd:>>> BAT rumoured to have hired advisers for Imperial Tobacco deal
TeliaSonera Eurasian exits could fetch EUR 3.5bn; M&A spree unlikely

TeliaSonera [STO:TLSN], the Sweden-based telecommunications company, could fetch EUR 3.5bn by exiting its Eurasian operations, but is unlikely to rush into acquisitions, according to a report by Talouselama.

The Finnish language piece cited Kimmo Stenvall, an analyst at Pohjola Bank, who estimated that the Eurasian businesses that TeliaSonera plans to exit could be worth at least EUR 3.5bn.

Stanvell said that it is unlikely the company will embark on an acquisition spree in Europe. However, the company may make complementary acquisitions, but no significant deals are expected, he added.


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