STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
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.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 0830 a.m. CET on March 10, 2014.
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 TeliaSonera.
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 the leading European wholesale provider with a wholly-owned international carrier network. 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.
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