Modern Times acquires Zitius open fibre network

Broadcaster Modern Times Group (MTG) has agreed to acquire 80% of Swedish Open Access telecoms network provider Zitius Service Delivery from Quadracom for an undisclosed sum, with an option to acquire the remaining 20% in 2016, reports Broadband TV News. Zitius is reportedly Sweden’s largest independent Open Access communications provider, with a fibre network connecting approximately 150,000 households, roughly a third (around 50,000) of which subscribe to a service via the Zitius network. Open Access networks pass approximately 750,000 Swedish households, typically in multi-dwelling apartment buildings, allowing end-users to sign up to internet, TV, telephony and other services offered by multiple service providers which hold agreements with the Open Access network provider

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OVETEL Modern Times acquires Zitius open fibre network