The agreed merger between Finnish telecom company Sonera and Swedish counterpart Telia appears to be a rare success story in the making, set against the woeful backdrop of failed ambitions and investor losses among Europe’s other telecom operators. A completed merger between the Scandinavians may set a precedent for other cross-border mergers among European incumbents. While some market participants doubt the benefits of such ventures – and say and that it is more likely that only mobile operations will consolidate – others believe national telcos will be forced to merge in order to survive.
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