Elisa curries favour with Tikka

29 Apr 2005

The Finnish telco Elisa has made a EUR36 million offer to acquire all outstanding shares in the regional operator Tikka Communications Oy (TikkaCom – previously Joensuun Puhelin Oy). Elisa already owns a 26% stake in TikkaCom, which is the largest operator in the region of North Karelia in eastern Finland. TikkaCom’s board is recommending that shareholders accept Elisa’s offer of EUR1,940 per share.

Finland, Elisa Corporation