TeliaSonera sells its holding in SmartTrust
TeliaSonera has signed an agreement with Giesecke & Devrient to sell its shareholding, 24 %, in SmartTrust. The purchase price is confidential. Giesecke & Devrient is acquiring 100% of the shares from SmartTrust’s current owners.
SmartTrust is a leading provider of software for managing applications on SIM cards and mobile phones, headquartered in Stockholm, Sweden. Giesecke & Devrient is a technology leader in the field of smart cards, providing Smart-card-based solutions for telecommunications, electronic payment, healthcare, ID, transportation and IT security (PKI).
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 12 CET on April 22, 2009.
TeliaSonera Press Office, +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.