Telia Company Acquires Finnish ICT Firm Ainacom

6 months ago
(1 Vote)
Telia Company Acquires Finnish ICT Firm Ainacom Image Credit: YuktaLavannya/Thefastmode.com

Telia Company acquires AinaCom, a Finnish provider of ICT services to enterprise customers.

The acquisition will further strengthen Telia Company’s position as a leading national partner for ICT services in Finland.

AinaCom Oy provides business customers with voice, mobile, network and IT solutions, including connections and has approximately 60 employees. In 2017 AinaCom reported net sales of EUR 15.5 million and an adjusted EBITDA of minus EUR 0.4 million.

Telia Company expects to complete the transaction on December 3, 2018.

In 2014, Telia Company acquired AinaCom's consumer business and fixed networks. Telia Company has strengthened its position as a leading national partner for ICT Services in the last two years and has during that time acquired ICT service companies Nebula, Propentus, Inmics and Cloud Solutions CS.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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