GlobalConnect Sweden has reached an agreement with Telenor Sweden, to acquire communications operator Open Universe and Telenor Sweden’s SDU fiber assets. The acquisition includes approximately 200,000 connected homes on Open Universe’s platform and 14,000 connected homes in Telenor Sweden’s SDU fiber infrastructure. The transaction value amounts to SEK3 billion (US$328.76 million).

Once the acquisition is completed, the SDU fiber infrastructure will be incorporated into GlobalConnect Sweden’s FTTH operations, enabling further expansion and densification in the areas where the infrastructure is deployed. After which GlobalConnect Sweden will be able to offer future-proof fiber-based broadband to households. 

The transaction is subject to regulatory approval and is expected to be finalized in Q1, 2022.