Finnish multi-service operator (MSO) DNA Finland has agreed to purchase the fibre-optic infrastructure used by Tampere-based ICT Elmo, as well as the latter’s consumer and housing company business. In a press release regarding the deal, the MSO noted that the other two selling parties involved in the deal are Pohjois-Hameen Puhelin and Ikaalisten-Parkanon Puhelin, while confirming that the total acquisition price is EUR27.4 million (USD30.6 million). With the deal effective immediately, the acquired business operations will be consolidated into DNA’s as of the beginning of June 2019, it added.
According to DNA, the acquisition will strengthen its market position in the Tampere region and give it its own extensive fibre-optic network infrastructure in what is Finland’s second largest economic area. Through the purchase of ICT Elmo’s consumer and housing company business, the MSO will gain more than 30,000 new fixed-line broadband customers and almost 25,000 new cable TV customers. Meanwhile, with regards to the fibre-optic network it is taking control of, this reportedly consists of around 1,700 km of fibre-optic cable, and the infrastructure will, it was claimed, help facilitate the introduction of 5G in the Tampere region and ‘enable the provision of increasingly fast fixed-line and mobile internet access to the area’s almost 200,000 households and more than 25,000 businesses’.
Commenting on the acquisition, Mikko Kannisto, DNA Director, Transmission Networks, said: ‘ICT Elmo and its owners have been investing in the fibre-optic network since their beginnings. This transaction gives us an extensive state-of-the-art network of our own in the Tampere region and the ability to begin providing services on a large scale straight away. Supplemented with the latest technology, the network will enable us to offer, for example, gigabit-speed broadband services, 5G services and faster services for our corporate clients.’