Rumour mill: Will TeliaSonera dump Spanish venture to focus on Asia?

Having seen little but pain from its venture into the Spanish cell phone market, TeliaSonera has confirmed it is eyeing growth and further acquisitions in other areas of Europe, and especially Asia.

While the company has said its majority stake in the Spanish cell phone operator Yoigo is "under review," the fact the operator reported a loss of nearly €120 million last year and has only managed to gain a two per cent share of the Spanish market must put the continued involvement of TeliaSonera in question.

Without being specific, Chief Executive Lars Nyberg said the company was now focused on further growth in its operations in Eurasia, with acquisitions a possibility. In particular, he confirmed discussions were ongoing with the other key owners in Turkcell regarding TeliaSonera increasing its shareholding from its current 37.3 per cent.

For more on this story:
Silicon News (Spain)

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