TeliaSonera, the Nordic region's biggest telecoms operator, has backed out of bidding for Eesti Telekom, Estonia's top telecoms operator, after its first offer was rebuffed.

TeliaSonera, advised by Alfred Berg, the Nordic arm of ABN Amro, made an offer to take full control of Eesti Telekom.

TeliaSonera pulls out of bidding for Estonian operator

Caroline Meehan

TeliaSonera

Com Hem

Deutsche Bank

Goldman Sachs

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

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