TeliaSonera acquires Svenska Stadsnät AB
TeliaSonera acquires all shares in Svenska Stadsnät AB, a company providing fiber capacity to municipalities, companies and households. The price for the acquisition is not disclosed.
For 2011 net sales in Svenska Stadsnät amounted to SEK 53 million. The company has operations in seven municipalities: Laholm, Svalöv, Örkelljunga, Karlshamn, Gislaved, Gnosjö and Mölndal. The company has 14 employees in Gislaved, Mölndal and Landskrona.
Svenska Stadsnät has an open-minded and customer focused culture where service providers can act in an open competitive environment and at equal terms, which is in line with our ambitions. Their network complements our network very well, and Svenska Stadsnät has successfully established good relations with the municipalities, says Malin Frenning, President of Business area Broadband Services in TeliaSonera.
The possibility to deliver high capacity to many Swedes in an open fiber network is the core of the development of the fiber market, an ambition in common for TeliaSonera and Svenska Stadsnät. – With TeliaSonera as a new owner, our business will get the financial resources that a future roll-out requires. As TeliaSonera develops its open model even further, our network and employees will get into the right environment, says Börje Andersson, Chairman of the Board of Svenska Stadsnät.
TeliaSonera’s wholly-owned subsidiary Skanova will take the operational control in the business and consolidate Svenska Stadsnät into its reporting. Initially the business will continue as today. Over time the framework will be evaluated and developed with the aim to give both TeliaSonera’s and Svenska Stadsnät’s customers a high quality experience. The current management will continue to develop the company’s business concept and Jimmy Andreasson, CEO of Svenska Stadsnät, will take part in the management team of Skanova.
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 8 a.m. CET on March 1
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 2011, net sales amounted to SEK 104 billion, EBITDA to SEK 36.9 billion and earnings per share to SEK 4,20. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com