TeliaSonera acquires AinaCom’s consumer operations and fixed networks
- 2014-03-10 07:30 UTC
Sonera, the Finnish arm of TeliaSonera, has signed an agreement to acquire AinaCom’s consumer operations and fixed networks. The agreement strengthens Sonera’s position on the Finnish market.In total, the price of the arrangement is EUR 47 million on a cash and debt-free basis.
AinaCom’s consumer operations include around 15,900 fixed broadband and 9,000 fixed voice subscriptions, 29,000 cable-tv subscriptions and 10,000 mobile subscriptions.
“With the agreement, Sonera strengthens its position in the Hämeenlinna region while also deepening its cooperation with AinaCom’s remaining B2B business. Following the transaction, AinaCom’s consumer customers will be able to choose their services from the wide selection of Sonera’s fixed, broadband, tv and mobile offerings,” says Valdur Laid, appointed head of TeliaSonera Finland from April 1, 2014.
The agreement also includes AinaCom’s fixed networks and related assets. The approximate net sales of the purchased operations were EUR 16 million for 2013, with an EBITDA of approximately EUR 6 million. The acquisition is expected to generate significant synergies. The agreement includes the transfer of employment for 43 people to Sonera.
Handelsbanken Capital Markets has acted as financial advisor to TeliaSonera.