Anders Igel relinquishes his seat on the Board of TeliaSonera

During the Telia EGM on Monday November 4, an election resolution was passed regarding the composition of the Board for the combined entity TeliaSonera. One of these elected members was Anders Igel, presently CEO of Telia. This decision by the EGM is applicable conditional upon and effective from the date whereby Telia has access to the shares in Sonera acquired as a consequence of the publicly announced offer to Sonera shareholders. The Finnish state claims that the decision to elect Anders Igel on the Board of TeliaSonera is not in accordance with the shareholders' agreement between Sweden and Finland.
In order to avoid that the situation gives an undesired effect on the merger between Telia and Sonera Anders Igel has announced that he, with immediate effect, will relinquish his appointment to the Board of the combined TeliaSonera. Anders Igel's position as CEO in the combined TeliaSonera is not affected by this decision.
"The merger between Telia and Sonera is important for the future of both companies. To facilitate a continued smooth merger process and create a peaceful working environment I have decided to relinquish my seat on the Board of the combined TeliaSonera", says Anders Igel.
For further information journalists can contact:
Telia's Press Office, +46 8 713 58 30
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