Danish incumbent operator TDC has struck a deal with Finnish player DNA that will see DNA acquire TDC’s Finnish operations for €154m. The deal covers both TDC Finland and TDC Hosting—which provide communications and IT solutions to public and private enterprises and wholesale services—and their associated customers. TDC and DNA will co-operate on enterprise and international wholesale services in Finland after the deal’s conclusion.

TDC will retain its Finnish fibre network, which forms part of its European Ring, and will remain the only operator to offer a single fibre network covering the Nordic region, the firm said.

“Our cooperation with DNA has historically been excellent and is further strengthened with this agreement. At the same time we ensure access for our pan-Nordic customers to a strong local partner with its own mobile network in Finland. DNA has the size and the experience to handle this task,” said Asger Hattel, Senior Executive Vice President of TDC Nordic & Wholesale.

The acquisition of TDC’s Finnish subsidiaries strengthens DNA’s position in the Finnish corporate market, said DNA CEO Jukka Leinonen. “With our cooperation, TDC’s customers in Finland will be able to make use of TDC’s high-quality international connections also in the future. At the same time, the arrangement will broaden our service offering for both DNA and TDC customers,” he said.