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TeliaSonera returns extra 3G licence in Denmark

January 30, 2005

On October 11, 2004, the TeliaSonera Group closed the deal by which it acquired Orange Denmark from France Telecom. In connection with this and according to the provisional terms and conditions set by the Danish regulatory authority IT- og Telestyrelsen, the TeliaSonera Group received the 3G licence of Orange Denmark.

TeliaSonera will now return Orange's 3G licence to the Danish regulatory authority and will at the same time pay the statutory sum of DKK 213 million (SEK 260 million) as earlier communicated, that the returning of the licence will cost, which corresponds to three annual payments of DKK 71 million.

The sum of DKK 213 million (SEK 260 million) will be reported in TeliaSonera's Q4 2004 results as a non-recurring integration expense related to the merger with Orange in Denmark.

(£1 = DKK 10.78)

 

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