FCC exercises Xfera option
Fomento de Construcciones y Contratas, S.A. (FCC), was, in its capacity as a previous shareholder in Xfera, in conjunction with TeliaSonera's increase in shareholding announced yesterday, granted a call option to acquire 3.4 percent of the shares in Xfera from TeliaSonera no later than June 29, 2006, at the same price as TeliaSonera acquired the shares.
FCC has exercised this call option to acquire 3.4 percent in Xfera. Following the exercise of the option TeliaSonera's ownership will amount to 76.6 percent of Xfera. TeliaSonera will receive the exercise price of SEK 40 million (EUR 4.3 million) from FCC, which will lower TeliaSonera's initial price paid from SEK 657 million to SEK 617 million.