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Provider: ValuEngine, Inc.
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Provider: Reuters Investment Profile
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TeliaSonera updates on Zitius acquisition

Tuesday, 13 May 2014 08:00pm EDT 

TeliaSonera AB:Says Swedish Competition Authority has approved the acquisition of the group of companies within open fiber.The acquisition was communicated Dec. 18, 2013.The transaction comprised Zitius, Quadracom Networks and service provider Riksnet.Total purchase price amounted to 473 million Swedish crowns on a cash and debt-free basis.Says the acquired entities will be consolidated as of the end of May and be part of TeliaSonera’s Swedish operation. 

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