Press Release
January 26, 2007
TeliaSonera to close the acquisition of Cygate
TeliaSonera has received the approval of the competition authority to close the
acquisition of 98.76 percent of the shares in Cygate AB, a leading supplier of
secure and managed IP network solutions as well as system integration in the
Nordic market. The acquisition underlines TeliaSonera's strategic direction to
strengthen its position within managed services.
The transaction, which was announced on November 16, 2006, is a strategic
acquisition providing TeliaSonera with broader competence within business
solution sales, technology and project management. Cygate provides solutions
within networking, security and IP telephony, and services within support,
maintenance and IT management. Cygate, which has a strong brand recognition in
the market, will operate as a separate business within TeliaSonera.
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For further information journalists can contact:
Ahti Martikainen, Head of Communications, Integrated Enterprise Services,
+358-40-3024500
Forward-Looking Statements
Statements made in the press release relating to future status or circumstances,
including future performance and other trend projections are forward-looking
statements. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will
occur in the future. There can be no assurance that actual results will not
differ materially from those expressed or implied by these forward-looking
statements due to many factors, many of which are outside the control of
TeliaSonera.
TeliaSonera is the leading telecommunications company in the Nordic and Baltic
regions. At the end of December 2005 TeliaSonera had 19,146,000 mobile customers
(69,887,000 incl associated companies) and 7,064,000 fixed telephony customers
(7,688,000 incl associated companies) and 2,263,000 internet customers
(2,331,000 incl associated companies). Outside the home markets TeliaSonera has
extensive interests in the growth markets in Russia, Turkey and Eurasia.
TeliaSonera is listed on the Stockholm Stock Exchange and the Helsinki Stock
Exchange. Net sales January-December 2005 amounted to SEK 87.7 billion. The
number of employees was 28,175.
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