Ron Burgundy Posted February 5, 2014 Share Posted February 5, 2014 By Leila Abboud and Sophie Sassard PARIS/LONDON (Reuters) - Tele2, which lost a December auction for the mobile spectrum it needs to run its Norwegian network, is in deal talks with the winner, Access Industries, in a bid to salvage its local operation, said four people familiar with the matter. Tele2, which is Norway's third-largest mobile operator behind Telenor and Teliasonera, has spent nearly 400 million euros since 2011 to build a business that now has 1.2 million customers and some 1,700 mobile towers. But Access Industries, a holding company owned by Ukrainian-American billionaire Len Blavatnik who also owns Warner Music Group, deprived Tele2 of the industry lifeblood - mobile spectrum to carry its customers' data and calls over its network - by winning an auction with a $115 million bid for airwaves in the 800, 900 and 1800 megahertz bands. The two sides are now in talks, the sources said, but are unlikely to reach a deal before Tele2 results on Friday. View the full article Quote Link to comment Share on other sites More sharing options...
Toast Posted February 5, 2014 Share Posted February 5, 2014 Quote Link to comment Share on other sites More sharing options...
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