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TeliaSonera completes Ncell sale

TeliaSonera ABcompleted the sale ofits 60.4% holding in Nepaleseoperator Ncell to Malaysian telcoAxiata Group Bhd.,according to an April 11 release.

The Swedish telcosaid that it has secured approvals from all regulatory authorities to divestits majority stake in Ncell's owner Reynolds Holding to Axiata for $1.03billion.

The deal is subject to customary closing balance sheetadjustments.

TeliaSonera is leavingEurasia to focus on its Nordic and European businesses. Its 58.55% stake inFintur Holdings BV is being eyedby Turkcell.