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Elisa’s buyout of Starman cleared by regulators

20 Mar 2017

Elisa has confirmed that the Estonian Competition Authority (ECA) has cleared its acquisition of local pay-TV and broadband operator Starman. Finland-based Elisa announced in December that its Estonian unit would acquire Starman from Polaris Invest and Com Holding for EUR151 million (USD162 million). Elisa expects the deal to close by the end of April.

Starman is the second largest broadband provider in Estonia, with an estimated 99,000 subscribers at the end of 2016, while it is also the country’s largest pay-TV operator, with around 120,000 cable TV customers and 60,000 digital terrestrial users. Elisa, meanwhile, is the second largest mobile network operator (MNO) in Estonia. The purchase of Starman will give it a fully converged portfolio of services which will mean it is better placed to challenge dominant fixed and mobile operator Telia Eesti (formerly Eesti Telekom).

Estonia, Elisa Corporation, Elisa Estonia, Starman

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