ComHem said Sept. 30 that it completed the acquisition of digital payTV operator Boxer TV-Access AB after securing and approvals in .
The deal enables Boxer to sell fiber-based broadband and TVservices, a move expected by Com Hem to support its goal of reaching 800,000residential customers over the succeeding years or a 40% increase from itscurrent footprint.
The acquisition includes the Boxer brand, which will becomepart of the Com Hem group.
Com Hem, via its unit Com Hem Communications AB, Boxer from TeracomBoxer Group AB for 1.33 billion Swedish kronor. With the deal, the cableoperator expects to earn about 300 million kronor of additional underlyingEBITDA and operating free cash flow of about 200 million kronor, both for thefirst 12 months from Boxer's integration into Com Hem.
As of Sept. 30, US$1was equivalent to 8.57 Swedish kronor.