This morning, France Telecom surprised the entire industry by announcing that removes its offer to 42 billion dollars to take control of TeliaSonera, which would have created the largest telecommunications company in Europe.
In the official announcement, France Telecom said that the dialogue open with the board of directors of TeliaSonera not served to reach an agreement on financial terms of the agreement, and stressed that the purchase is a very important part of the overall strategy of company.
It is worth recalling that when France Telecom make its offer five June, the board of directors of TeliaSonera declaration rejected the offer too low. At that time the bid was 9.36 dollars per share, which values to TeliaSonera at 42 billion dollars.
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