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First fixed-mobile merger of 2018 as Tele2 Sweden buys Com Hem

The first case of European consolidation in 2018 has already emerged, as Swedish mobile operator Tele2 announced a $3.3bn takeover of cable TV and broadband provider Com Hem. A mega triple play operator will be born through the merger, putting pressure on incumbent MNO Telia and cable TV rivals TeliaSonera and Telenor’s Canal Digital – in a country renowned for its exceptional broadband speeds. Com Hem has invested significantly in network infrastructure in recent years and also bolstered its TV and fiber to the home opportunities by acquiring Boxer less than two years ago, as well as embracing multiscreen and IP with open arms, which has transformed the company’s TV fortunes. The cable provider has long been looking for a…

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