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Following approval by the State of Sweden and the Competition Authority, Com Hem has closed the Boxer acquisition and the company will be consolidated into Com Hem’s financial statements as from September 30th.
Com Hem acquires Boxer TV-Access for an enterprise value of SEK 1,330 million (€138.2m).
Boxer’s approximately 500,000 DTT customer base is primarily situated in the SDU market, and to large extent they will get access to fibre over the coming years. As part of the Com Hem Group, Boxer will be able to sell fibre based broadband and TV services to its customers.
Com Hem says the acquisition implies a significant additional opportunity to convert homes passed to homes connected in the SDU market. Com Hem expects to reach 800,000 SDUs homes passed via fibre over the coming years which is an increase of 40 per cent of the current addressable footprint.