STOCKHOLM, Sweden, Feb. 27, 2004 (PRIMEZONE) -- TeliaSonera Finland Oyj will aquire the shares in real-estate company Kiinteisto Oy Sturenportti from the Sonera Pension Fund at the price of 32.5 MEUR. Kiinteisto Oy Sturenportti's assets consists of real estate property Sturenportti in Helsinki and is part of TeliaSonera Finland's head quarter premises.
TeliaSonera Finland will renovate the real estate at a cost currently estimated to 15 MEUR.
TeliaSonera Finland estimates that under the current general real-estate price and financing cost levels, buying the premise, rather than having a long-term 10 - 12 year rental agreement for it, will be a more profitable alternative.
For further information journalists can contact: TeliaSonera's Press Office, tel +46-8-713 58 30
Forward-Looking Statements
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.
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The following files are available for download:
http://www.waymaker.net/bitonline/2004/02/27/20040225BIT00040/wkr0001.doc
http://www.waymaker.net/bitonline/2004/02/27/20040225BIT00040/wkr0002.pdf