Spring Mobil 100% shares acquired by Tele2 Sweden
www.WirelessFederation.com/news: 50% of shares have been acquired by Tele2 Sweden that it did not already own of GSM network operator Spring Mobil from Swefour. The deal approximately is worth SEK100 million (USD12.7 million) on a cash and debt free basis. The deal requires approval by the Swedish competition authority.
Spring Mobil specializes in the Swedish business market with integrated ‘One Phone’ communications solutions. The revenue of the company is around SEK206 million in 2009.
Tele2 buys 49 pct of Sweden\’s Spring Mobile for 150 mln skr
Tele2 said Spring Mobil has been an enterprise fixed-to-mobile operator for two years, and has developed a unique position in the Swedish market with its ”OnePhone” solution for fixed and mobile telephony, targeting the business market in Sweden.
”This agreement expands our existing MNVO relationship with Spring Mobil. It gives us access to a new product and service offering and an excellent opportunity to broaden our sales effort into the small and medium sized business segment, in order to secure the possibility of further growth,” chief executive Lars-Johan Jarnheimer, said.
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Source- http://www.sharewatch.com
