Tele2 has confirmed that Arild Hustad has left the company after it completed the sale of its Norwegian business to fellow Stockholm-based telco TeliaSonera.
Hustad, who was executive vice president and CEO of Tele2 Norway, has moved to TeliaSonera, but…
Tele2 has confirmed that Arild Hustad has left the company after it completed the sale of its Norwegian business to fellow Stockholm-based telco TeliaSonera.
Hustad, who was executive vice president and CEO of Tele2 Norway, has moved to TeliaSonera, but his new role has not been disclosed.
There is a vacancy at the top of TeliaSonera Norway. August Baumann, the last permanent CEO at the unit, left his post in December. Following his departure, Charlotta Rehman, head of business development and wholesale at Netcom, was appointed acting CEO and remains in the role.
TeliaSonera’s acquisition of Tele2’s Norwegian business closed in February, after approval from the Norwegian Competition Authority (NCA).
The regulator approved the transaction only after TeliaSonera and Tele2 agreed to significant remedies. The deal combines Norway’s second and third largest mobile operators, leaving market leader Telenor and the embryonic Ice Communications as the country’s only other mobile operators.
The remedies include selling the customer base of Tele2’s Network Norway mobile unit, which it bought in 2011 for US$141.3m, to new entrant Ice Communication.
Sweden’s TeliaSonera has also signed a national roaming agreement with Ice, whose owner Access Industries surprised analysts when it beat Tele2 in a spectrum auction in 2013.
Following the remedies, TeliaSonera and Tele2 renegotiated the terms of the transaction, down from SKr5.1bn (US$612m) to SKr4.5bn (US$541m).
