TeliaSonera’s acquisition of operator Zitius has been approved
- 2014-05-14 14:33 UTC
The acquisition of the group of companies within open fiber, communicated December 18, 2013, has now been approved by the Swedish Competition Authority. In addition to Zitius, the acquisition also comprised Quadracom Networks and the service provider Riksnet. In total, the purchase price amounted to SEK 473 million on a cash and debt-free basis.
The acquisition will be consolidated in TeliaSonera as of the end of May and will be part of TeliaSonera’s Swedish operation.
TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also a leading wholesale provider who owns and operate one of the world’s most extensive fiber backbones. In 2013, net sales amounted to SEK 101.7 billion, EBITDA to SEK 35.6 billion and earnings per share to SEK 3.46. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com.