Highlight 31 May 2019

Krogerus advises DNA on the acquisition of ICT Elmo's consumer business and fibre network

Krogerus advised Finnish telecommunications group DNA plc on the acquisition of a fibre-optic network infrastructure used by ICT Elmo Oy (formerly Tampereen Puhelin) as well as its consumer and housing company business in the Tampere region.

The sellers are ICT Elmo Oy as well as Pohjois-Hämeen Puhelin Oy and Ikaalisten-Parkanon Puhelin Oy.

Through the acquisition, DNA will gain more than 30,000 new fixed-line broadband customers and almost 25,000 new cable TV customers. ICT Elmo’s fibre-optic network infrastructure consists of around 1,700 km of fibre-optic cable. In 2018, the net sales of the acquired business were around EUR 8 million.

The Krogerus team was led by partner Mika Ståhlberg. He was mainly assisted by senior associate Taru Kovanen and associate Jenni Teurokoski.

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