Telia Company has completed the transaction to set up a fibre joint venture with CapMan Infra, the infrastructure investment arm of Nordic private asset management firm CapMan.
The deal follows approval from authorities and aims to accelerate fibre roll-out in Finland.
Telia Company will provide the fibre access network and communications operator services and will hold a 40% stake in the new company, which takes over Telia Finland’s existing fibre roll-out business, Avoin Kuitu.
Avoin Kuitu has already passed around 20,000 homes for fibre, Telia said.
“Disciplined allocation”
When the deal was first announced in October, Stein-Erik Vellan, Senior Vice President, Head of Telia Finland, said, “I’m really happy that we have come to this agreement with CapMan Infra which fits very well with Telia Company’s strategy of having superior network connectivity while adding to our commercial success through convergence and great customer experience.
“The network roll-out will play an important role for Finland to maintain its position at the very forefront of digitalisation. This new type of structure with a partnership ties well with our ambition of disciplined allocation where we, case by case and market by market, seek a good balance between the risk and reward and potential future technology shifts as well as short versus long-term thinking.”