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TeliaSonera acquires WiMAX operations of Alem Communications
Dec 31, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
TeliaSonera AB, a Sweden-based telecommunications group, has acquired the WiMax operations of Alem Communications Holding LLP, a Kazakhstan-based telecom holding company, from Midas Telecom Limited. The transaction is valued at $170 million.
Midas Telecom is a UK-based provider of managed voice, Internet and mobile services (analogue, IP and wireless) to residential users.
Concurrently, TeliaSonera and Visor Group also completed their investment in Kaztranscom.
Announcement (August 14, 2012):
TeliaSonera has entered into an agreement to acquire the WiMax operations of Alem Communications for a consideration of $170 million.
The operations include a WiMax network in six major cities, and, in particular, frequencies in the 2.5/2.6 gigahertz band.
Deal Value (US$ Million) 170
Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Completed: 2012-12-28
Deal Participants
Target (Company) Alem Communications Holding LLP - WiMax Operations
Acquirer (Company) TeliaSonera AB
Vendor 1 (Company) Alem Communications Holding LLP
Vendor 2 (Company) Midas Telecom Limited
Deal Rationale
The acquisition will allow TeliaSonera to develop mobile technologies and services in Kazakhstan.
According to TeliaSonera, the acquisition of a WiMax network in six cities TeliaSonera also secures valuable frequencies in the 2.5/2.6 GHz band, which are important in order to cater to an anticipated increased demand for mobile data.
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