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TeliaSonera Sells Zed to Wisdom Entertainment for $37 Million

Authored by Mark Hefflinger on August 19, 2004 - 2:16am.
Madrid -- Scandinavian wireless carrier TeliaSonera announced that it has agreed to sell its Sonera Zed unit to Wisdom Entertainment, a Spanish interactive media firm, for $37 million. Zed is a reseller of digital content for mobile phones in Finland, Germany, Italy, Malaysia, the Philippines and the U.K. through direct relationship with 23 mobile network operators. The firm also has operations in Austria, Ireland and Switzerland through connectivity partners. Wisdom Entertainment is involved in video game development and distribution, computer-animated film production and mobile content development and distribution. The deal has yet to be approved by the German competition watchdog, whose decision is expected by mid September, TeliaSonera said.
http://makeashorterlink.com/?J25512619 
http://www.teliasonera.com 

tags: TeliaSonera | Zed | Wisdom Entertainment |



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