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Telenor takes on Telia in Nordics with $3b DNA offer

Bloomberg Norwegian mobile operator Telenor ASA is acquiring a majority stake of Finland’s DNA Oyj and will offer to buy the rest for a total of 2.77 billion euros ($3.1 billion), challenging Telia Co. for dominance in the Nordic region. Telenor will pay 20.90 euros a share in cash for the 54 percent of DNA held by Finda Telecoms Oy ...

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UK power grid preparing for life sans gas plants

Bloomberg Two years after Britain had its first coal-free day since the Industrial Revolution, the nation’s network operator is readying itself for life without any fossil fuels. The grid may start dropping its need for natural gas power for short periods in about 2025, coinciding with coal’s complete phaseout. The system wants to be “zero-carbon capable” by then, said Julian ...

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Tripoli fighting intensifies as rivals ignore truce call

Bloomberg Eastern-based warlord Khalifa Haftar struck Tripoli’s only functioning international airport, drawing a rebuke from the United Nations and escalating an advance on the capital that threatens to spark civil war and convulse oil markets. Mitiga International Airport, Libya’s largest, temporarily suspended flights after the airstrike, which the UN’s secretary-general, Antonio Gutteres, condemned. In a statement, Gutteres urged an immediate ...

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