Having attracted interest from no less than three companies, Finnish altnet Anvia has approved the sale of its telecoms, TV and ICT businesses to Elisa at an Extraordinary General Meeting held on 29 June.
As previously reported by CommsUpdate, earlier this week local multi-service operator DNA announced it had made a binding cash offer of EUR120 million (USD132.6 million) for Anvia Telecom and four other Anvia subsidiaries, namely: Anvia IT-Services, Anvia Hosting, Anvia TV Oy and Watson Nordic. That offer competed with Anvia’s existing largest shareholder Elisa, which had already offered EUR107 million for the Anvia group, and Telia Company’s Finnish division Sonera, which bid EUR130 million for Anvia Telecom alone.
Now, Elisa has confirmed in a stock exchange filing that it will acquire Anvia Telecom and the four aforementioned units, with the deal to be closed today (1 July), following which it will consolidate all of its new acquisitions. Anvia Telecom’s broadband/telephony network covers three western Finnish cities of Vaasa, Seinajoki and Kokkola plus smaller towns, reaching more than 100,000 households.