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TeliaSonera to Buy Out Two Units in Europe

STOCKHOLM -- TeliaSonera AB, the Nordic region's largest telecommunications operator, is planning to buy out the remainder of two Baltic subsidiaries in a deal valued at about $687.7 million.

The move is part of Sweden-based TeliaSonera's strategy to buy out minorities in core businesses, as it aims to generate greater efficiency through overall control -- even in areas such as the Baltic countries, which are suffering severely from the economic slump.