TeleGeography Logo

TeliaSonera buys IT firm Cygate

20 Nov 2006

Swedish telecoms heavyweight TeliaSonera has bought 98.66% of IT solutions provider Cygate from Swedish investment company Bure Equity for SEK567 million (SEK80 million) in cash. Cygate supplies IP networks and systems in the Nordic market. The acquisition underlines TeliaSonera’s strategic plan to strengthen its integrated IT and managed telecoms solutions business, which CEO Anders Igel has singled out as ‘a major future growth area’.

Sweden, Telia Company

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.