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Exclusive: Tele2 in talks with Blavatnik’s Access over Norway dilemma – sources

06
Feb
2014

By Leila Abboud and Sophie Sassard PARIS/LONDON (Reuters) – Tele2, which lost a December auction for the mobile spectrum it needs to run its Norwegian network, is in deal talks with the winner, Access Industries, in a bid to salvage its local operation, said four people familiar with the matter. Tele2, which is Norways third-largest mobile operator behind Telenor and Teliasonera, has spent nearly 400 million euros since 2011 to build a business that now has 1.2 million customers and some 1,700 mobile towers. But Access Industries, a holding company owned by Ukrainian-American billionaire Len Blavatnik who also owns Warner Music Group, deprived Tele2 of the industry lifeblood – mobile spectrum to carry its customers data and calls over its network – by winning an auction with a $115 million bid for airwaves in the 800, 900 and 1800 megahertz bands. The two sides are now in talks, the sources said, but are unlikely to reach a deal before Tele2 results on Friday.

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