Saunalahti terminates the MVNO agreement with TeliaSonera Finland

Saunalahti yesterday served notice to terminate the mobile virtual network operator (MVNO) agreement with Sonera Mobile Networks Oy, the wholly owned subsidiary of TeliaSonera Finland Oyj.

Saunalahti has terminated the current agreement and paid an early termination fee of approximately SEK 100 million (EUR 11 million) to Sonera Mobile Networks Oy. Saunalahti will remain as an MVNO in the Sonera Mobile Networks’ mobile network for the next three months. TeliaSonera Finland estimates that the termination of the agreement will have approximately SEK 150 million quarterly effect on its sales.