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Still, it's mostly the loss in Denmark that hangs over Postnord. The Danish post that preceded the merger with the Swedish Post in 2008 was described as a brilliant bright star, almost like a black hole.
However, the merger between the Danish and Swedish posts is only one of the cases resolved by the state-owned companies. The international expansion of Vattenfall, which included the purchase of coal by Göran Persson (S) and the acquisition of Nuon by Maud Olofsson (C), is an example of a horror
. Telia, where the state is the majority shareholder. A crazy merger initiated by governments in Sweden and Norway was the first problem. Then, following the launch of Telia as a public act
Like many other state-owned companies, Telia also led an international expansion, in this case with a focus on l & # 39; 39; Eurasian. However, it ended in the wake of the corruption scandal that was the focus of special attention in Uzbekistan. In the postponement of the scandal, Telia announced a sale of operations in Eurasia
However, sales have strengthened the cash register of Telia and now the company is looking for acquisitions. Telia announced on Tuesday the purchase of a $ 1 billion Norwegian operations from the Danish company TDC, which includes GET, a fixed-line service provider for more than half a million homes and businesses. companies affiliated with the company's fiber network. At the same time, Sweden discusses the acquisition of TV4. A transaction, as if it received the green light from the competition authorities, would lead the state to control both SVT and – via Telia – TV4. This would mean a high concentration of government ownership in the media market. And here, a major problem with the ownership of the state becomes clear. If the state stops the possible deal, the natural development of the company can be avoided, for reasons that are not commercial. An alternative to avoid the difficult situation is that the state sells the detention. However, when Telia manages important infrastructures, it is not an optimal solution in all respects
. In particular, sectors in which digital development is evolving rapidly – such as the mail and communications industry – can be directly detrimental to business development. Even severe political jets governed by the winds of opinion can negatively affect public companies, such as Vattenfall's activities.
Telia's current acquisition ambitions are not the latest in highlighting the conflict between rational business decisions and political considerations. For public ownership to be a bad deal for all parties involved, it would be necessary to assess which companies are doing better in the private sector. And this process rushes.
Edvard Hollertz / SNB
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