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Ericsson closes sales of Spain unit, becomes leading Ezentis shareholder

Monday 4 June 2018 | 10:35 CET | News
Spanish network services provider Ezentis has finalised the acquisition of Excellence Field Factory (EFF) from Ericsson Spain for EUR 7 million in cash plus EUR 22.5 million in shares. The deal means Ericsson becomes the leading shareholder of Seville-based Ezentis with a stake of around 9.6 percent, less than previously announced. "The acquisition will strengthen the strategic positioning of Ezentis in the area of fibre optics, allowing it to also diversify and increase its strategic customer base in telecommunications," said Ezentis in a statement.

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Categories: Fixed
Companies: Ezentis
Countries: Spain
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