According to the Swedish military the potential acquisition of TeliaSonera by France Telecom will not bring security implications. As already known, the Swedish government is a 37 percent owner of TeliaSonera, and cited possible security concerns as their reason for not fully approving the takeover.

Last week, a statement from the Swedish military stated: “The defence forces judge that a change of the ownership in TeliaSonera, provided that sufficient measures are taken to ensure the security interests of the defence forces and other authorities, is feasible from a security perspective.”

So what’s it all about? Apparently what is ever deal in every business about; all that it boils down to is money. According to sources, TeliaSonera wants to get France Telecom to up its bid by another $2 billion so that the total reaches $44 billion.

Also in the bidding picture is Telenor, they too are showing an interest in TeliaSonera, so it’s more than likely TeliaSonera will be playing both interested parties off against each other until someone comes up with the exact amount TeliaSonera requires.

Its business, always has been, always will be, in the end money makes everything possible, all you have to do it hit the right figure and every problem vanishes. Someone will eventually purchase TeliaSonera, it’s just a matter of who is prepared to hit that magical TeliaSonera figure.

Source — Reuters