TeliaSonera Acquires AinaCom's Consumer Operations & Fixed Networks

(RTTNews) - Sonera, the Finnish arm of TeliaSonera (0H6X.L, TLSNY.PK), has agreed to acquire AinaCom's consumer operations and fixed networks. The transaction strengthens Sonera's position on the Finnish market. In total, the price of the arrangement is 47 million euros on a cash and debt-free basis.

AinaCom's consumer operations comprise about 15,900 fixed broadband and 9,000 fixed voice ubscriptions, 29,000 cable-tv subscriptions and 10,000 mobile subscriptions.

Following the transaction, AinaCom's consumer customers would be able to select 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.

In addition, the deal includes AinaCom's fixed networks and related assets. The approximate net sales of the purchased operations amounted to 16 million euros for 2013, with an EBITDA of around 6 million euros. The acquisition is likely to generate significant synergies. The deal also includes the transfer of employment for 43 people to Sonera.

Handelsbanken Capital Markets has acted as financial advisor to TeliaSonera.