TeliaSonera AB (TLSNY.PK) said it acquired all shares in Svenska Stadsnät AB, a company providing fiber capacity to municipalities, companies and households. The purchase price for the acquisition is not disclosed.
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.
Further, 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.
Click here to receive FREE breaking news email alerts for TeliaSonera and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com