SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community
 
| More

TMCNet:  TeliaSonera acquires WiMAX operations of Alem Communications

[December 31, 2012]

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.

[ Back To LatinAmerica.tmcnet.com's Homepage 's Homepage ]

comments powered by Disqus




Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy