Sonaecom completes Tele2 buy

12 Sep 2007

Sonaecom has completed its EUR16 million (USD22 million) acquisition of Tele2 Portugal, following the recent regulatory approval from the country’s competition authority, AdC. The deal, which was first announced in June, will add 310,000 fixed line customers and 12,000 broadband internet clients to Sonaecom’s user base. Tele2 Portugal reported revenue of EUR50.8 million in 2006, claiming 9% of the Portuguese fixed line market at the end of last year.

Portugal, Optimus (Clix), Tele2 (Portugal)