Telecom operator Telia Company has agreed to buy TDC’s Norwegian business, which includes fibre and TV provider GET, in a SEK 22.8 billion deal. GET has more than 518,000 households and business connected to the fibre-based network, as part of a total of one million private and business customers who use the TV and broadband services.
The purchase will give Telia a full range of fixed-line, mobile and TV services in Norway, and puts pressure on competitor Telenor.
CEO Johan Dennelind does not expect the acquisition to threaten the planned purchase of Bonnier Broadcasting. “We can afford to strike the deal without affecting our buyback programme or dividend policy. That is an important message,” he said.
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