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TeliaSonera Signs Agreement On The Acquisition Of Ipeer From Applewise

Swedish telecommunications firm TeliaSonera (0H6X.L, TLSNY.PK) Wednesday signed an agreement on the acquisition of Ipeer AB, a leading corporate supplier of cloud and hosting services in Sweden, from Applewise AB.

TeliaSonera acquires all of the shares in Ipeer AB. The purchase price is not disclosed.

As a result of the transaction, TeliaSonera supplements its product portfolio of network and access services and will be able to offer its business customers in Sweden completely new total solutions.

Ipeer AB's net sales amounted to 56.7 million Swedish kronor in 2013. The company has 65 employees. It has operations in Stockholm and Karlstad in Sweden as well as in India.

As from October 1, Ipeer AB is part of Cygate's operations within TeliaSonera Sweden's business operations, and will be part of Cygate's business area of cloud and hosting services.

The other companies of the Applewise group are not affected by the acquisition.

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