Zitius


MTG completes sale of Zitius to TeliaSonera

Modern Times Group (MTG) has completed the sale of its 80% stake in Swedish broadband service provider Zitius to TeliaSonera, after receiving approval from the Swedish Competition Authority.  In a statement, MTG said that Zitius will be deconsolidated from its accounts from the beginning of June and that the deal is expected to generate a […]

MTG sells controlling stake in broadband service provider Zitius

Modern Times Group (MTG) has agreed to sell its 80% stake in Swedish broadband service provider Zitius to TeliaSonera in a deal that values Zitius at SEK380 million (€42 million). MTG said it had decided to sell the stake as the Swedish open access model – where multiple service providers can deliver services to end […]