GlobalConnect buys Telenor Sweden wholesale fixed platform and FTTH assets for SEK 3 bln

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GlobalConnect buys Telenor Sweden wholesale fixed platform and FTTH assets for SEK 3 bln

GlobalConnect Sweden has announced an agreement with Telenor Sweden to acquire the communications operator Open Universe and Telenor Sweden’s fiber assets for SEK 3 billion (SDU). It covers approximately 200,000 connected homes on the Open Universe platform and 14,000 connected homes on Telenor’s SDU fiber infrastructure. Telenor Sweden expects the transaction to yield a profit before tax of SEK 1.7 billion, and adds that the relevant assists accounted for EBITDA of approximately SEK 240 million in FY 2020.

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