Teracom sells Boxer Denmark to Stofa owner

Energy group SE, the owner of Danish cable operator Stofa, has agreed to acquire digital-terrestrial pay TV outfit Boxer Denmark from its Swedish owner Teracom.

The deal means that SE will acquire Boxer TV’s 280,000 customers in the country, strengthening its position in the pay TV market.

SE Group president Niels Duedahl said that the Danish TV market was undergoing significant change and that competition was intensifying. The said that the acquisition would make SE “even stronger” in this market than it has been hitherto, and that the two companies shared an ambition to provide choice in TV across the country, including in sparsely populated areas that are not reached by high-speed fixed networks.

The acquisition is expected to close next year pending regulatory approval.

Teracom’s sale of Boxer Denmark to SE follows its recent sale of Boxer TV in Sweden to cable operator Com Hem.

Com Hem closed its SEK1.33 billion acquisition of the Swedish Boxer in September after securing approval from the country’s competition authority after striking a deal with Teracom in June.

Teracom meanwhile dropped Boxer from its corporate name at the beginning of December. The company, hitherto known as Teracom Boxer Group is now simply Teracom Group. The company operates Sweden’s terrestrial transmission network.