Cleary Gottlieb Steen & Hamilton represented the Swedish Ministry of Industry, Employment and Communication, acting for the Kingdom of Sweden, on an offering of shares in national telecoms company Telia AB. Partner Sebastian Sperber led a team of two on the deal. Sullivan & Cromwell acted for Telia AB while Skadden Arps Slate Meagher & Flom acted for the underwriters led by Morgan Stanley Dean Witter and UBS Warburg.