TeliaSonera Buys Fiber Networks
STOCKHOLM -- By acquiring the communication operator Zitius, TeliaSonera continues to invest in the Swedish fiber business. The acquisition also comprises Quadracom Networks and the service provider Riksnet. The operations will become part of TeliaSonera’s Fiber Business unit in Sweden. In total, the purchase price amounts to SEK 473 million on a cash and debt-free basis.
The acquisition complements TeliaSonera’s major initiative to expand its mobile and fixed infrastructure throughout Sweden, corresponding to annual investments of SEK 5 billion until 2015.
Through the acquisition, TeliaSonera’s Swedish operations will take control of the communication operator Zitius with its 160,000 connected households, the network operator Quadracom Networks and the service provider Riksnet. Presently, the target companies are owned by MTG Broadcasting AB and Quadracom AB, and have net sales totalling around SEK 330 million pro forma in 2012.
TeliaSonera AB (Nasdaq: TLSN)