SFR Buys Tele2 Unit
The estimated acquisition price is based on Tele2's fixed line and broadband customer numbers forecasted as at the end of October, 2006. However, the final acquisition price is dependent on the exact number of Tele2's fixed line telephony and broadband customers at the time of closing, which is estimated to be by the end of October. The agreement is subject to clearance from the French competition authorities. The majority of Tele2 employees in France will transfer to SFR as part of the agreement.
SFR will operate the acquired customer base under the Tele2 brand name for a maximum period of three years. Tele2 will continue to operate its French Mobile business using the Tele2 Mobile brand name.
Tele2 AB (Nasdaq: TLTO)