Hammarskiöld & Co acted as legal adviser to Teracom Group AB in connection with the entering into an agreement regarding the acquisition of all shares in Netett Sverige AB (Net1) from Ice Group
Teracom Group AB is a state-owned company that owns and operates various technical infrastructures and network solutions for the distribution of media and communication between people and companies. Teracom’s main product areas are radio and TV broadcasting, Pay-TV offerings, transmission capacity for data connections as well as co-location and service. Teracom distributes radio and TV to households nationwide in Sweden. The terrestrial digital broadcasts cover 99.8 % of households.
Netett Sverige AB (Net1) offers broadband and telephony services to residential and business customers in Sweden, Norway and Denmark. Net1 is unique in using NMT 450 frequency and cover over 95% of Sweden’s land area and up to 120 kilometers out from the coastline.
The transaction is expected to close within short.
Hammarskiöld & Co’s team consisted of Peder Hammarskiöld (Senior Partner), Erik Löfwall (Partner), Malin Albert (Partner), Marcus Tipner (Associate), Nina Sna Ahmad (Senior Associate), Caroline Bogemyr (Associate), Anton Sjöberg (Associate).