TeliaSonera’s subsidiary NextGenTel acquires the broadband and VOIP business of Tele2 Norway
- 2009-05-29 06:45 UTC
NextGenTel, a TeliaSonera subsidiary and the second largest Norwegian broadband supplier, acquires the broadband and VOIP business of Tele2 Norway. A price of NOK 100 million will be paid for the business, cash and debt free. The business, which will strengthen NextGenTel’s position in the Norwegian market, comprises 97,000 broadband subscriptions of which 23,000 VOIP subscriptions (reported as of 31 March, 2009) together with technical assets and key supplier contracts.
“The broadband and VOIP business of Tele2 Norway is an attractive asset that will strengthen our position in the Norwegian market. The increased customer base will also result in improved capacity utilization of the network,” says Håkan Dahlström, President of Broadband services at TeliaSonera.
NextGenTel is a national supplier and an important challenger in the Norwegian market. Once the acquisition has been completed, NextGenTel’s market share on the ADSL market will increase from 15 percent to approximately 22 percent. Both the Tele2 national network and the customers’ equipment will be easily integrated with NextGenTel’s network.
The acquisition requires the approval of the Norwegian Competition Authority.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 08:45 a.m. CET on May 29, 2009.