Stofa completes purchase of Canal Digital division

2 Nov 2011

Danish cable operator Stofa has announced it has completed the acquisition of part of Canal Digital, which is owned by Norwegian telecoms group Telenor, for around DKK51 million (USD9.4 million). Under the deal, Stofa has acquired the unit of Canal Digital which provides television, internet and telephony services to 31 local networks. Together, these local networks have approximately 20,000 television subscribers, 20,000 internet customers and 6,300 voice-over-internet protocol (VoIP) subscribers. ’We have a clear strategy to make Stofa both bigger and stronger. Therefore, we are obviously very pleased that we have been able to complete this deal,’ commented Stofa’s chief director, Klaus Hoeg-Hagensen. Canal Digital Denmark will continue to control its antenna business, which sells individual channels to the Danish housing market.

TeleGeography’s GlobalComms Database states that Stofa was acquired by the TeliaSonera group in 1995. In July 2010 the Swedish company sold its Danish cableco to private equity company Ratos for DKK1.1 billion on a cash and debt free basis. Stofa owns a 2,100km fibre-optic cable backbone passing around 600,000 of Denmark’s 2.5 million homes, 350,000 of which are able to access its broadband, TV and fixed telephony offerings.

Denmark, Stofa (Denmark)