Skanska expands within telecom - acquires UK telecom service company
Skanska expands within telecom - acquires UK telecom service company Skanska is expanding within the telecom sector by acquiring MG Telecommunication (MGT), a UK leader in the field of telecom infrastructure installation and maintenance services of mainly copper- cable networks. Skanska will pay GBP 4.2 M, approximately SEK 65 M, for the company. The selling party is a group of private persons. The Leeds-based company has a strong customer base that includes British Telecom (BT), Kingston Communications, Thus, Fujitsu and Your Communications. It has approximately 400 employees specializing