Telecom service provider TeliaSonera has acquired Zitius, Quadracom Networks and Riksnet for SEK 473 million to expand its Swedish fiber business.
The telecom service provider said the acquisition complements TeliaSonera’s initiative to expand its mobile and fixed infrastructure throughout Sweden, corresponding to annual investments of SEK 5 billion until 2015.
Through the acquisition, TeliaSonera’s Swedish operations will take control of the communication operator Zitius with its 160,000 connected households, the network operator Quadracom Networks and the service provider Riksnet.
Presently, the target companies are owned by MTG Broadcasting AB and Quadracom AB, and have net sales totalling around SEK 330 million pro forma in 2012.
“We aim to use this knowledge and expertise when we continue to invest in open, competition-neutral networks in the future,” said Malin Frenning, president of Business area Broadband Services at TeliaSonera.
