Telenor buys Tele2's Swedish fibre and cable business serving the consumer market
(Thomson Reuters ONE) -
(Stockholm/Oslo 23 October 2013) Telenor Sweden (Telenor) is continuing its
commitment in broadband and television services and buys Tele2 Sweden AB (Tele2)
fibre and cable business serving the consumer market for a cash sum of SEK 775
million. In 2012, the acquired company had reported revenues of SEK 530 million.
The acquisition includes a portfolio of about 370 000 households passed with a
connection to fiber and cable (Coax), of which 125 000 are fixed broadband
customers, 75 000 are digital TV customers and approximately 220 000 households
are with cable television. Telenor has signed an agreement to acquire Tele2's
entire fiber and cable business, and all of the 68 employees will be transferred
to Telenor.
"In today's society, access to high-capacity broadband plays a very central role
for most people. Telenor aims to provide optimal connectivity and we want to
continue our commitment on fixed broadband and TV through our brand
Bredbandsbolaget. This topic is priority for us and our new customers and
employees will play a vital role in our business going forward," says Lars-Åke
Norling, CEO of Telenor Sweden.
Through Telenor's internet provider Bredbandsbolaget, one of Sweden's largest
suppliers of fixed broadband, the new customers of the acquired company will
gain access to its services. The transaction will contribute significantly to
strengthen Telenor's position as one of the leading providers of fixed broadband
and TV.
The acquisition is subject to customary approval of the Competition Authority
before the closing.
Contacts
Andreas Hamrin
Head of Communications
Telenor Sweden
Mobile: +46734252664
Glenn Mandelid
Vice President- Head of Media Relations
Telenor Group
Mobile: +4792661300
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Source: Telenor via Thomson Reuters ONE
[HUG#1737523]
Unternehmensinformation / Kurzprofil:
Datum: 23.10.2013 - 08:04 Uhr
Sprache: Deutsch
News-ID 308402
Anzahl Zeichen: 2508
contact information:
Town:
OSLO
Kategorie:
Business News
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