Acquisition of Nebula closed

Telia Company today completed the acquisition of Nebula Top Oy, a Finnish provider of cloud services to SME and SoHo customers.

The acquisition at an enterprise value of EUR 165 million on a cash and debt free basis, was announced in May 2017. The transaction ensures Telia’s competitive position in the SME and SoHo segments.

The Finnish Competition and Consumer Authority approved the acquisition of Nebula on 8 June 2017 and the transaction was closed today.

Telia Company acquires Finnish ICT service company Nebula