TeliaSonera to terminate registration of its shares under the U.S. Securites Exchange Act
TeliaSonera's board of directors has decided to terminate the registration of its shares under the U.S. Securities Exchange Act of 1934.
TeliaSonera terminated its Nasdaq listing and its U.S. ADR program in 2004 but remained subject to U.S securities legislation, including the reporting obligations under the Securities and Exchange Act as well as the Sarbanes-Oxley Act. New U.S. rules entering into force in June 2007 make it possible for TeliaSonera to terminate its reporting and certain other obligations under the U.S securities laws. TeliaSonera expects that the termination will be effective in June 2007. TeliaSonera does not expect to file an annual report on form 20-F for the year 2006.
Following termination of the registration of its shares under the U.S. Securities Exchange Act, TeliaSonera will continue to be obligated to provide reports to shareholders pursuant to the applicable rules in Sweden and Finland, including the rules of the Stockholm and Helsinki stock exchanges.
For further information journalists can contact:
Press Service, TeliaSonera AB, +46-(0)8-713 58 30
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.