TeliaSonera acquires Svenska Stadsnät AB

TeliaSonera acquires Svenska Stadsnät AB

TeliaSonera acquires all shares in Svenska Stadsnät AB, a company providing
fiber capacity to municipalities, companies and households. The price for the
acquisition is not disclosed.

For 2011 net sales in Svenska Stadsnät amounted to SEK 53 million. The company
has operations in seven municipalities: Laholm, Svalöv, Örkelljunga, Karlshamn,
Gislaved, Gnosjö and Mölndal. The company has 14 employees in Gislaved, Mölndal
and Landskrona.

– Svenska Stadsnät has an open-minded and customer focused culture where service
providers can act in an open competitive environment and at equal terms, which
is in line with our ambitions. Their network complements our network very well,
and Svenska Stadsnät has successfully established good relations with the
municipalities, says Malin Frenning, President of Business area Broadband
Services in TeliaSonera.

The possibility to deliver high capacity to many Swedes in an open fiber network
is the core of the development of the fiber market, an ambition in common for
TeliaSonera and Svenska Stadsnät.
– With TeliaSonera as a new owner, our business will get the financial resources
that a future roll-out requires. As TeliaSonera develops its open model even
further, our network and employees will get into the right environment, says
Börje Andersson, Chairman of the Board of Svenska Stadsnät.

TeliaSonera’s wholly-owned subsidiary Skanova will take the operational control
in the business and consolidate Svenska Stadsnät into its reporting. Initially
the business will continue as today. Over time the framework will be evaluated
and developed with the aim to give both TeliaSonera’s and Svenska Stadsnät’s
customers a high quality experience. The current management will continue to
develop the company’s business concept and Jimmy Andreasson, CEO of Svenska
Stadsnät, will take part in the management team of Skanova.

 

TeliaSonera AB discloses the information provided herein pursuant to the Swedish
Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The
information was submitted for publication at 8 a.m. CET on March 1,

For more information, please call the TeliaSonera press office 46-771 77 58 30,
press@teliasonera.com

Forward-Looking Statements
Statements made in the press release relating to future status or circumstances,
including future performance and other trend projections are forward-looking
statements. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will
occur in the future. There can be no assurance that actual results will not
differ materially from those expressed or implied by these forward-looking
statements due to many factors, many of which are outside the control of
TeliaSonera.