Nordic Business Report-September 5, 2006-Sky Communication in Sweden AB sells operating business to Lab2 Group AB
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish broadband company Sky Communication in Sweden AB (SkyCom) said on Tuesday (5 September) that it has agreed to sell its network operating business to Labs2 Group AB.
The sales price amounts to SEK90m in shares.
The transaction means that SkyCom becomes the largest shareholder of Labs2 Group, with a holding of approximately 30%.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
((Comments on this story may be sent to email@example.com))