AllTele to acquire Universal Telecom

Swedish alternative telco AllTele has agreed to purchase rival Universal Telecom. The acquisition is proposed to be made via an issuance of new shares in AllTele with a 50/50 value ratio between AllTele and Universal Telecom, valuing the acquired business at approximately SEK250 million (USD39.6 million). AllTele offers broadband, fixed telephony and pay-TV bundles as well as reselling mobile broadband and voice services. Universal Telecom, a provider of broadband internet, home telephony and resold mobile services, claims on its website that it supplies over 100,000 Swedes with telephony and broadband access.