DNA acquires Moi Mobiili
DNA PLC STOCK EXCHANGE RELEASE 11 JANUARY 2019 10:45 am (EET)
DNA has agreed today on 11 January 2019 on the purchase of the entire share capital of European Mobile Operator Oy. The company's wholly-owned subsidiary Moi Mobiili Oy provides mobile services to private and corporate customers. It has operated since 2016 as a service operator in the DNA mobile network.
Moi Mobiili will continue to serve its customers under its own brand separately from DNA. The parties have agreed not to disclose the sale price.
"In recent years, DNA has grown both organically and through acquiring companies that complement our operations. The acquisition of Moi is therefore a natural continuation in implementing our growth strategy," says Jukka Leinonen, CEO of DNA.
Moi employs some 10 personnel who will continue in the service of the company.
The transaction will take immediate effect. The acquired business operations will be consolidated into DNA's figures from the first quarter of 2019 onwards. The transaction is not expected to have a significant impact on DNA's net sales or EBITDA for 2019.
Further information for the media:
DNA Corporate Communications, tel. +358 44 044 8000, email@example.com
DNA Plc is a Finnish telecommunications group providing high-quality voice, data and TV services for communication, entertainment and working. DNA is Finland's largest cable operator and the leading pay TV provider in both cable and terrestrial networks. For DNA, the key area for growth in corporate business is the new way of working, independent of time and place, facilitated by smart terminal devices, diverse communications services and rapid connections. In 2017, DNA recorded net sales of EUR 886 million and an operating profit of EUR 124 million. DNA has more than 4 million subscriptions in its fixed and mobile communications networks. The Group also includes DNA Store, Finland's largest retail chain selling mobile phones. DNA shares are listed on Nasdaq Helsinki Ltd. For more information, visit www.dna.fi or follow us on Twitter @DNA_fi and Facebook.