TeliaSonera purchases Finnish cableco

28 Apr 2011

Swedish telecoms group TeliaSonera has agreed to buy Finnish cable TV network operator Turun Kaapelitelevisio for an estimated price of between EUR8 million and EUR10 million (USD12 million-USD15 million), the Helsinki Times reported yesterday. The acquisition reportedly makes TeliaSonera’s local unit Sonera the second largest cable TV distributor in Finland behind DNA. According to the paper, Turun Kaapelitelevisio has around 80,000 users of its cable services.