2016-11-18 12:02
STOCKHOLM (Direct) Operator, Limited buying competitor T3, based in Umeå, sweden, and focused on the northern parts of sweden, for approximately sek 150 million.
The type branschnyhetssajten Telekomnyheterna.
“the Deal was signed yesterday [Thursday, red note], and is expected to be announced during the day today [Friday]. T3′s president and ceo Johan Hellström will become ceo of the merged company,” writes the site, citing that T3′s main shareholder Johan Åsberg will go into the combined company’s board of directors.
T3 had a turnover of 159 million in 2015 and reached an operating profit of sek 14 million, compared with Allteles turnover of 783 million and operating profit to eur 7.1 million in the same year.
the Purchase price represents 35 per cent of Allteles market capitalization of 430 million at the time of writing. The shares have so far on Friday has risen by approximately 10 per cent in the wake of a quarterly report, where operating income turned to profit from loss.
Direct-
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