Complex sentence: In accordance with the deregulation decision of the Riksdag and its Telecommunications Act of 1 July 1993, Televerket was corporatised as Telia AB, thus making Sweden the first European country to deregulate its telecom market.
Split into simpler sentences: In accordance with the deregulation decision of the Riksdag and its Telecommunications Act of 1 July 1993, Televerket was made into a corporation, Telia AB. Thus making Sweden the first European country to deregulate its telecom market.