10 November – LAWFUEL – The Law News Network – Allen & Overy is advising pan-Nordic telecommunications operator, Telenor, on its agreement with Vodafone Group for the acquisition of its Vodafone Sweden subsidiary, the third largest mobile operator in Sweden, for €1.035 billion.
The transaction is subject to regulatory approval.
London-based corporate partners Ian Ferguson, Michael Scargill and Susan Howard are leading the Allen & Overy team, assisted by associates Jim Ford, Nigel Parker, Bronwen Jones and Elizabeth Walton.
Commenting, Ian Ferguson said: “This transaction enhances Telenor’s position in the Scandinavian mobile market. The telecoms sector is undergoing significant change as the players in the industry reassess their strategic direction. We anticipate many more interesting developments in this market.”