TeleSonera expands in Baltic territories

By FNE Staff
    Stockholm-based Nordic and Baltic telecommunications company TeliaSonera announced cash purchase offers for companies in Lithuania and Estonia.
    The August 24 announcements concerned Estonia's Eesti Telekom (www.telekom.ee ) and Lithuania's TEO LT (www.teo.lt ). TeliaSonera (www.teliasonera.com) would pay $468 million for 40% of Eesti Telekom and $222 million for 40% of TEO LT.