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Telenor And Teliasonera Signal Truce With Danish Mobile Merger


Ron Burgundy
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By Stine Jacobsen and Balazs Koranyi OSLO (Reuters) - Norwegian telecoms company Telenor and Sweden's TeliaSonera have agreed to combine their Danish mobile businesses to boost margins in their toughest market. The plan to put their Danish operations into a 50-50 joint venture, which aims to save 800 million Danish crowns ($133 million) a year by 2019, lifted the share price of both companies and their main rival on investor hopes of an end to cut-throat price competition. ...

 

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