Com Hem has entered into an agreement to acquire Boxer TV-Access AB, the pay-TV operator in the DTT network in Sweden, for an enterprise value of SEK1,330 million (€144 million).
Boxer Sweden is a wholly-owned subsidiary of Teracom Boxer Group AB.
Com Hem Holding AB has following successful trials started its expansion into the single dwelling unit (“SDU”) market in Sweden, and the Boxer acquisition should help expand this market.
The acquisition is expected to generate approximately SEK300 million in additional Underlying EBITDA to the Com Hem Group
Boxer’s approximately 500,000 DTV customer base is primarily situated in the SDU market, and will get access to fibre over the coming years – a significant acceleration opportunity for Com Hem.
The acquisition is conditional on approval by the Government of Sweden and the Swedish Competition Authority.
It is expected to close in the second half of 2016.
