Monthly Archives: December 2009

Delisting of shares of Eesti Telekom

On December 21, the Listing and Surveillance Committee of NASDAQ OMX Tallinn decided to satisfy the application of Eesti Telekom from November 30, 2009.

Under the decision, shares of Eesti Telekom will be delisted from the Main List of NASDAQ OMX Tallinn starting from the next day after the Estonian CSD has transferred minority shares to the majority shareholder – TeliaSonera AB.

On December 04, 2009, the extraordinary general meeting of shareholders of Eesti Telekom decided to approve the takeover of the shares from the minority shareholders by TeliaSonera AB against a fair monetary compensation in the amount of EEK 93,00 (EUR 5,94) per share.

Swedish intelligence may be observing data communications of Estonians

Estonian Security Police (KaPo) recommends Estonians to be careful with “sensitive subjects” by phone and on the internet, Eesti Ekspress writes.

According to The Baltic Course, communications between Estonia and the world take place under the watchful eye of foreign intelligence workers more and more.

Starting December 1, Swedish radio intelligence FRA has free access to foreign data communications passing through Sweden. This concerns Estonians very directly.

Competition Board’s electronic communications department head Rivo Mets said that a part of our international phone calls and Internet connections go directly or indirectly via Sweden.

For example Tele2 directs the foreign communication of Estonians first to Riga, then via sea cable to Stockholm and then to the world.

Communications operators haven’t considered it necessary to warn Estonians against the spying that started three weeks ago, Ekspress says. Even Telekom, the majority owner of which is Swedish TeliaSonera, is silent.

Telekom’s subsidiary Elion says that the law does not oblige them to inform their clients of who and how is listened to in Sweden. “People whose activities are not malignant or criminal do not have to worry,” says Elion’s spokeswoman Lilian Viirma.

Elion doesn’t think the Swedish radio intelligence work is anything special. “In today’s world where terrorism threatens us all it is inevitable in the interests of guaranteeing general safety,” Viirma said.

Megafon holder wants government to block Turkcell tie-up

Letter argues combined Alfa, TeliaSonera stakes violates Russian strategic sector ownnership laws.

Russian tycoon Alisher Usmanov, whose holding company AF Telecom owns almost a third of mobile operator OAO Megafon is trying to get the government to block Megafon’s merger with Turkish operator Turkcell, business daily Vedomosti reports Friday.

The paper cites another Megafon shareholder saying AF Telecom asked a legal consultancy to write to Russia’s Communications Ministry complaining that the merger of the two mobile operators would be illegal.

‘);The Communications Ministry confirms it has received the letter, in which the legal consultancy argues that the combination of Alfa Group and TeliaSonera AB’s stake in Turkcell and Megafon would break Russia’s law on strategic sectors, since the Swedish and Finnish governments would have a controlling influence in the new company.