Telia Company and CapMan Infra to jointly increase fiber penetration in Finland
- 2019-10-31 07:00 UTC
Telia Company will accelerate the roll-out of open fiber in Finland. The continued effort to create best network experience across platforms will be performed in co-operation with Capman Infra, the infrastructure investments arm of Nordic private asset management firm CapMan.
The fiber roll-out targets households (single dwelling units, SDUs) across Finland. According to the agreement with CapMan Infra, Telia Company will hold a 40 percent stake in a new company which will take over Telia Finland’s existing SDU fiber roll-out business ‘Avoin Kuitu’, which currently has roughly 20,000 homes passed. Telia Company will together with CapMan Infra accelerate the pace of investments in passive fiber across Finland. Telia Company will provide the fiber access network with communications operator services.
“I’m really happy that we have come to this agreement with CapMan Infra which fits very well with Telia Company’s strategy of having superior network connectivity while adding to our commercial success through convergence and great customer experience. The network roll-out will play an important role for Finland to maintain its position at the very forefront of digitalization. This new type of structure with a partnership ties well with our ambition of disciplined allocation where we, case by case and market by market, seek a good balance between the risk and reward and potential future technology shifts as well as short versus long-term thinking,” says Stein-Erik Vellan, Senior Vice President, Head of Telia Finland.
The transaction is subject to approval from relevant authorities and is expected to be completed during the first quarter of 2020.
For more information, please contact our press office +46 771 77 58 30, visit our Newsroom or follow us on Twitter @Teliacompany.
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of Telia Company.
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