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Final greenlight granted for Tele2 acquisition of Com Hem

The Swedish Companies Registration Office – the Bolagsverket – has greenlit the planned merger between mobile operator Tele2 and cable operator Com Hem.

Com Hem CEO Anders Nilsson

The Bolagsverket is expected to register the merger on November 5, after which Com Hem Holding will be dissolved and all its assets and liabilities will be transferred to Tele2.

Com Hem shares will be exchanged for 1.0374 new shares in class B Tele2 and SEK37.02 in cash.

Com Hem’s shareholders will receive the Tele2 shares and the cash merger consideration on November 7-8.

In October, Com Hem applied to delist its shares from the NASDAQ Stockholm exchange after the European Commission approved Tele2’s planned takeover.

Also in October, Com Hem posted respectable Q3 earnings ahead of the completion of the merger. The company made modest advances in converting TV customers to its advanced TV platform and building its broadband base. The operator also recently launched a 1.2Gbps broadband service.

Tele2 agreed to acquire Com Hem in January in a deal that valued the cable operator at SEK26 billion (€2.65 billion).

 

Tags: Com Hem, Sweden, Tele2