The government is prepared to give the go-ahead for Telia’s plans for a major acquisition.
Within Telia there has been growing frustration that the Swedish state, as the only major owner with 37% of the company, is defensive, putting a stop to significant structural deals. Minister for Enterprise Mikael Damberg now says to Dagens Industri (DI) that he has not stood in the way of any deal. “We have not formally been asked to go in with money in a deal,” he says, adding, “We are in continual discussions with the management of Telia and we have been clear that we back the board’s plans to grow in the Nordic and Baltic regions.”
He also says that Telia is a strategically important company for Sweden just now, making major investments in strategic infrastructure.
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