By Pia Heikkila, 12 May 2000 17:47
NEWS The Finnish government is proposing to give up its ownership of the telecommunications company Sonera. The government currently owns 34 per cent of the company's shares, but its proposal to the Finnish parliament would release Sonera totally from the ownership. The Finnish IT weekly, Tietoviikko, speculates the plans to sell are part of the company's attempt to form a partnership with a fellow European operator. Last September parliament authorised the government to reduce ownership from 53.3 per cent to the current 34 per cent. Sonera, Finland's largest mobile telephony network provider, is the second most valuable company on the Helsinki stock exchange, after Nokia.
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