TeliaSonera continues to invest in the Swedish fibre business by acquiring the communication operator Zitius. Through the acquisition, TeliaSonera’s Swedish operations will take control of Zitius with its 160,000 connected households, the network operator 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. At present, the target companies are owned by MTG Broadcasting and Quadracom and have net sales totalling around SEK 330 million pro forma in 2012.
The acquisition is subject to approval from the Swedish Competition Authority. Handelsbanken Capital Markets has acted as financial advisor to TeliaSonera. 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.
