Sonera, the Finnish unit of Nordic operator TeliaSonera, has agreed to buy the consumer operations and fixed networks of AinaCom for €47 million ($65 million) in a move that strengthens Sonera's position on the Finnish market.
Sweden-based Tele2 AB confirmed on Wednesday that it is in the process of evaluating a number of strategic opportunities for its Norwegian operations and has hired ABG Sundal Collier Holding ASA to advise it on the different options.
TeliaSonera has completed a field trial of Huawei's G.fast technology, one that enables service providers to theoretically deliver up to 1 Gbps over existing copper loops.
TeliaSonera has been on a roll this week, first announcing a new executive management team and introducing a new operating model following a recent ethics review, and then adding to its fibre assets by buying a group of open fibre network companies in Sweden.
Norway's telecoms regulator said it raised around €212 million ($292 million) from its recent spectrum auction, and also named the backer of mystery new entrant Telco Data as Access Industries, a holding company founded and chaired by Ukrainian-American billionaire Leonard Blavatnik.
TeliaSonera, Telenor and unknown newcomer Telco Data have all won spectrum for LTE services in Norway's recently completed auction of blocks in the 800 MHz, 900 MHz and 1800 MHz frequency bands, although the local unit of Tele2 confirmed that it failed to get its hands on any new spectrum resources.
Europe's leading telecoms executives have been falling over themselves to call for more industry consolidation to counter falling prices in the market, and the CEO of Danish operator TDC, Carsten Dilling, is the latest to wade into the debate.
TeliaSonera said it has terminated the employment contracts of four senior employees, including its chief financial officer, following a wider review conducted by law firm Norton Rose Fulbright into business practices at its Eurasian operations.
TeliaSonera International Carrier is responding to the growing demand for bandwidth from its growing mix of carrier and social media company customers by adding 11,500 dark fiber miles to its network.
Finland achieved its goal of raising more than €100 million ($137.4 million) from its auction of spectrum in the 800 MHz frequency band, although the auction itself dragged for nine months.