TeliaSonera spends $72 million on fiber assets

Sweden’s TeliaSonera has announced several acquisitions aimed at boosting its presence in the country’s high-speed broadband market.

In a statement, the operator said it had spent a total of SEK473 million ($72 million) on controlling stakes in fiber players Zitius, Quadracom Networks and Riksnet.

TeliaSonera (Stockholm, Sweden) also said the acquisitions complemented its initiative of expanding mobile and fixed networks throughout Sweden, “corresponding to annual investments of SEK5 billion until 2015”, and said all of the operations would become a part of its fiber business unit in Sweden.

The companies being acquired had total sales of about SEK330 million in 2012, with Zitius serving some 160,000 Swedish households.

“We are very happy to be able to acquire a group of companies that have a history of being pioneers in open networks, and we aim to use this knowledge and expertise when we continue to invest in open, competition-neutral networks in the future,” said Malin Frenning, TeliaSonera’s president of business area broadband services. “We welcome our new customers and look forward to serving them with Telia’s entire portfolio.”

In its earnings report for the three months ending September 2013, TeliaSonera flagged strong demand for fiber services in the consumer market and said that its deployment continued to pick up in the quarter.

The operator claimed to serve 1.2 million broadband customers in Sweden at end September, up from 1.16 million a year earlier.

The operator was also able to grow average revenue per user among its broadband customers from SEK335 per month between July and September 2012 to SEK395 per month during the same period of 2013.

Despite this, however, overall revenue from broadband services in Sweden fell from SEK4.88 billion to SEK4.66 billion over the same period.