Ratos sells its holding in Sweden On Line
The book value of Ratos's holding in Sweden On Line amounted to SEK 125m on 30 June 2001. Today's deal means that Ratos makes an exit loss of SEK 28m.
Sweden On Line is Sweden's fourth largest nationwide cable TV operator with a subscriber base of approximately 185,000 households. In recent years the company's operator activities have been complemented with a number of new Internet and data communications services. A nationwide broadband network allows continuous development and distribution of new applications within both television and information technology, as well as remote control technology. Sweden On Line's customers comprise landlords, tenant-owner associations, municipalities and companies.
The company has some 35 employees and in 2000 sales amounted to just over
SEK 120m with a profit before tax of SEK 12m.
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Financial calendar 2001:
13 november Nine-month report
21 February 2002 Year-end report for 2001
March 2002 Annual Report for 2001