A new attempt at a merger with Swedish-Finnish TeliaSonera is considered unacceptable, 15 years after the merger between Telenor and Telia wrecked.
The government has given the green light from the support portions Christian Democrats and the Liberals to work on a sale of government shares in Telenor from 54 percent to 34 percent.
The government has no rush, says analysts Aftenposten spoke to.
Get candidates
– There is no obvious partners internationally, says chief analyst Ole Petter Kjerkreit in ABG Sundal Collier.
Analyst Espen Torgersen brokerage Carnegie considers it unlikely that parts of Telenor being sold to a large established telecommunications companies in Europe.
Editor Arne Joramo in Telcomrevy.no mean the former British monopoly company British Telecom (BT) is one of the few probable buyers in Europe.
Alliance in Asia
– Telenor has its expertise from operations in Asia and underdeveloped land manager. An alliance with a mature player in a developed market will be a break with a strategy Telenor has remained for a long time, he said.
Example of developed markets of Western Europe. North America and Japan.
Torgersen has more faith that Telenor shares for sale are used as payment to enter into alliances in Asia.
– For example, in India there is a need for fewer and larger companies. In cooperation with the Ministry of Industry may Telenor management use authorization from Parliament to bring in other owners in its Indian operations. Two mobile companies in the same basket is a stronger company, he says
Sharing Telenor
Christian Democrats and the Liberals have stipulated that a “critical infrastructure” in this country is being secured by a sale of government shares in Telenor.
An opportunity to ensure this could be to split Telenor believes Kjerkreit in ABG Sundal Collier.
– A Norwegian / Nordic part, controlled by the state , which retains the Norwegian infrastructure. And an international / Asian part where the state does not have majority control, he said.
Torgersen do not believe in a division of Telenor, a Norwegian and foreign operations.
– Remember that there are many other owners of Telenor than the Ministry of Industry. These may then assume a favorable offer rid of the Norwegian business. It must probably be the state that gives offer. This is a challenging process, and I see it as unlikely, he said.
Buyout funds
Editor Joramo in Telcomrevy.no also points the large US telecommunications companies as appropriate, in case they are interested in seeing towards Europe.
– Telenor runs the very well. It focuses well internationally. If there are any service that buys shareholding, it can go in the direction of the big international investment funds since Telenor is an attractive object. That some of the Scandinavian operators Telia Sonera or TDC in Denmark, I see that excluded. Man does not sell to its competitors, says Joramo.
Kjerkreit depreciates BT. Then it may be more likely that a between American company América Móvil, which has bought stakes in a few telcos in Europe, could be interested in a stake in Telenor, he said.
On exchange in 2000
Telenor was partially privatized and listed in December 2000 after a failed attempt to merge with Swedish Telia.
In two years they had two state telecom monopolies in Sweden and Norway negotiated to merge.
The merger stranded in 1999 on a dispute over where the headquarters of the company mobile device should be.
The Norwegian and Swedish governments also failed to agree on how much interest the state of the two countries should have in the new company.
“Soviet state» Norway
It was after this accident that the then Swedish Minister of Industry Björn Rosengren came with his infamous statement about Norway on Swedish TV:
– Norway is the last Soviet state. They are so incredibly nationalistic. Everything is politics, he told TV reporter while he thought the microphone was turned off.
The former Norwegian Telenor boss Tormod Hermansen reacted strongly to the statement from the Swedish Social Democratic Minister.
– It is incomprehensible and I can not understand on what basis minister Rosengren comes with such statements, he said to NRK.
Privatized Ap
After fusion experiment collapsed, there was a change of government in Norway.
The new Labor government – Stoltenberg’s First Cabinet (2000-2001) – made the first partial privatization of Telenor.
The state ownership in 2000 decreased to 54 percent at a distribution sales of shares without entered some new major shareholder of the company.
The following year was also partially privatized Statoil as a third of the state’s shares were sold.
4. December 2000, Telenor was listed on the Oslo Stock Exchange and NASDAQ technology exchange in New York. Telenor withdrew in 2007 from the stock exchange in the United States.
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