Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Social Responsibility's Strategic Benefits
December 15, 11:30 AM - 12:30 PM US/Eastern (GMT-5)
Join Ed Granger-Happ, CIO of Save the Children, for a discussion of how creating an organization that is socially responsible improves staffing, retention, leadership development and overall corporate health.
Working With and Communicating to Your Board of Directors
January 13, 2009, 4:00 PM - 5:00 PM US/Eastern (GMT-5)
CIO panelists who will share tips and experiences working with their boards: Twila Day of SYSCO; Jeff O'Hare, West Corp.; Marc West, formerly with H&R Block.
IT's Role in Growing Mid-Market Companies
January 14, 4:00 PM - 5:00 PM ET (GMT-5)
Mid-market Council members will share their companies' stories and challenges in driving or coping with growth. Panelists represent Veterinary Pet Insurance, Medicis Pharmaceutical, and Intrax Cultural Exchange.
Learn more about the CIO Executive Council »Apply today for a FREE subscription to CIO Magazine!
June 30, 2008 — IDG News Service —
France Télécom has withdrawn its offer to acquire telecommunications operator TeliaSonera. The companies were unable to agree on price, France Télécom said Monday.
A merger between France Télécom and TeliaSonera would have created a "world leader," France Télécom said, but it downplayed the repercussions of the failed negotiations, saying that the merger was not essential to its strategy.
TeliaSonera is still on the market, with the Swedish government keen to sell the 37.3 percent of the company it owns.
However, the company won't say whether it is in talks with other possible buyers, a spokeswoman said Monday.
One possible suitor is Norwegian operator Telenor. In late April, Swedish newspaper Svenska Dagbladet reported that Telenor had hired Nordea and JPMorgan Chase to evaluate a possible deal.
Rumors that TeliaSonera was considering a merger with France Télécom first surfaced in April, and on June 5 France Télécom made an official bid, offering about 252 billion Swedish kronor (US$41.8 billion) in cash and shares. The offer was immediately slated by TeliaSonera Chairman Tom von Weymarn, who said it significantly undervalued the operator.
After that shaky start, France Télécom said it would negotiate for two weeks, which turned into three, but to no avail. TeliaSonera's board said Monday that the offer was not significantly improved and still undervalues the company.
As stock markets opened on Monday, TeliaSonera shares dropped in price, while France Télécom shares rose.
Copyright © 2008 IDG News Service. All rights reserved. IDG News Service is a trademark of International Data Group, Inc.
Just the basics, please. Sometimes we all need a refresher or we need to make sure our team and our colleagues are all on the same page.
Over 25 tutorials on everything from business intelligence to virtualization.