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BRIEF-Elisa acquires cable TV operator Starman's Estonian business
December 13, 2016 / 12:39 PM / a year ago

BRIEF-Elisa acquires cable TV operator Starman's Estonian business

Dec 13 (Reuters) - Elisa Oyj:

* Acquires cable TV operator Starman’s Estonian business

* Acquisition has no impact on Elisa’s dividend payment capabilities nor profit distribution policy

* Deal is expected to have a positive impact on earnings per share already in 2017

* Acquisition price is 151 million euros ($160.18 million)

* Annual synergies are estimated to be approximately 4-6 million euros ($10.61 million) in 2019

* Estimates that deal will be closed during Q1 of 2017 Source text for Eikon: Further company coverage: ($1 = 0.9427 euros) (Gdynia Newsroom)

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