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Telenor ASA — M&A Activity 2019
Apr 9, 2019
3773_iss_2019-04-09_7b5766a1-3fb1-4468-84c6-e33309c248aa.pdf
M&A Activity
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Supplementary information
Telenor acquires majority stake in the Finnish telecom operator DNA Plc.
Agreement details
| Parties to the agreement: | Telenor Mobile Holding AS as buyer and Finda Telecoms Oy and PHP Holding Oy as sellers |
|---|---|
| Transaction: | 54 % of the issued share capital in the company subject to approval by seller EGMs and regulatory consents |
| Estimated completion: | Q3 2019 |
| Consideration: | Cash consideration of EUR 20.90 per share |
| Special agreements: | Irrevocable undertakings from key shareholders in the selling entities to vote in favor of approving the transaction |
Key financial figures for DNA
| EUR in thousand | 2018 | 2017 |
|---|---|---|
| Revenue | 911,758 | 886,088 |
| EBIT | 138,898 | 123,523 |
| Net income | 102,234 | 93,086 |
| EUR in thousand | 2018 | 2017 |
|---|---|---|
| Total assets | 1,315,541 | 1,226,958 |
| Total liabilities | 710,771 | 622,594 |
| Equity | 604,770 | 604,363 |
Executive management in DNA
| Name | Position |
|---|---|
| Jukka Leinionen | CEO |
| Timo Karppinen | CFO |
| Pekka Vaisanen | SVP, Consumer Business |
| Hannu Rokka | SVP, Corporate Business |
| Tommy Olenius | SVP, Technology |
| Asta Rantanen | SVP, Legal Affairs |
| Christoffer von Schantz | SVP, Strategy |
| Marko Rissanen | SVP, Human Resources |
| Janne Aalto | CIO |
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