Teracom Group to sell PlusTV in Finland
Friday 26 April Teracom Group signed an agreement with the Finnish telecom group, DNA Ltd, for the sale of Digi TV Plus Oy, i.e. PlusTV in Finland. DNA is paying a cash consideration for the whole of PlusTV. As part of the agreement with the acquiring company, the value of the transaction will remain undisclosed.
The divestment is a part of the Teracom Group’s efforts to streamline its strategy around integrated pay TV and network services.
“We have a business based on the integration of pay TV and network services that has proved to be successful in Sweden and Denmark. The sale of PlusTV means we are now streamlining our strategy towards only serving markets where we have integrated solutions and concentrating our resources on further development in Sweden and Denmark,” says Åsa Sundberg, CEO of the Teracom Group.
“DNA’s strategic goal is to develop Finland’s best and most comprehensive entertainment service offering. Expected synergy benefits gained from the acquisition will relate primarily to nationwide sales, marketing and product development. Pay-TV will continue to gain popularity, and our expanded service offering and new service features will give us excellent opportunities to further develop our products,” says DNA CEO Riitta Tiuraniemi.
PlusTV customers can continue to use their services just like before. The acquisition does not have a direct impact on PlusTV operation. The transaction is subject to approval from the relevant competition authorities and is expected to be completed during the second half of 2013.
Acting director of Communications, Paul Roswall, Teracom Group AB. +46 708 66 82 19, paul.roswall(at)teracomgroup.se
CEO Riitta Tiuraniemi, DNA Oy, Tel. +358 44 044 1000, riitta.tiuraniemi(at)dna.fi
Teracom Group consists of Teracom Sweden, Teracom Denmark, Boxer Sweden, Boxer Denmark and PlusTV. The broadcasting companies, Teracom, offer services within radio, TV, datacom and co-location through nationwide infrastructure in Sweden and Denmark. Through Boxer and PlusTV, Teracom offers pay-TV services to households in Sweden, Denmark and Finland. In 2012, Teracom Group had a turnover of SEK 4.5 billion and approximately 700 employees. For more information, visit www.teracomgroup.se
DNA Ltd is a Finnish telecommunications company providing high-quality, state-of-the-art voice, data, and TV services to private customers and corporations. DNA’s 3G network reaches five million Finns and is constantly expanding, and the 4G networks are reaching new cities and urban areas all the time. In 2012, DNA recorded a turnover of EUR 769 million and an operating profit of EUR 56 million. DNA Ltd has more than 3 million mobile communications and fixed network customers. DNA and WELHO are registered trademarks of DNA Ltd. For more information, please visit www.dna.fi.