STOCKHOLM, July 7 Swedish telecom operator Tele2
AB said on Monday it had agreed to sell its Norwegian
business to peer TeliaSonera AB for 5.1 billion
Swedish crowns ($744 million).
Tele2 said in a statement the deal would mean a capital gain
of approximately 2 billion crowns.
In a separate statement, TeliaSonera said the transaction
would increase its mobile market share in Norway to 40 percent
from 23 percent and lead to cost synergies of at least 800
million crowns per year from 2016.
($1 = 6.8553 Swedish kronas)
(Reporting by Sven Nordenstam; Editing by Matt Driskill)