TeliaSonera quites Georgia, who will be Geocell’s new owner is unknown.
TeliaSonera is not a long-term owner in Region Eurasia
According to Telecommunications company, the decision was made to gradually cease activities in Eurasia and strengthening positions in European regions, including Sweden.
TeliaSonera will increase focus on its Regions Europe and Sweden within the strategy of creating the new TeliaSonera. A process has been initiated in order to reduce the presence in Region Eurasia and over time fully leave.
Company’s CEO Johan Dennelind announced they will start coping with larger markets.
We realise that this will be a complex task that will take time. We are conducting this process market by market as each country and operation has its unique situation, but the ambition is to eventually leave the entire region.
TeliaSonera has contributed in improving Eurasian operations, they created more well-managed companies. And now they believe that those companies will operate and develop successfully further.