Teracom takes full control of Boxer
Network operator Teracom recently announced that it had purchased the remaining 30% stake in pay-DTT service operator Boxer, previously held by private equity firm 3i.
Teracom already hold 70% of Boxer shares and this latest acquisition enables them to take full control.
3i previously purchased its 30% stake in Boxer during 2005 from the investment firm Skandia.
Boxer reports that it currently has 700,000 subscribers compared with 380,000 subscribers in 2004 and pre-tax profit grew from SEK8 million (€780K) in 2004 to SEK376 million (€37 million) in 2007.
Boxer has been awarded licences to operate DTT services in Ireland and Denmark.
Sources: Teracom press release and Digitag
Item added: 24th November 2008