• Image result for UPDATE 1-Telia buys cloud services provider Nebula from Ratos(Adds detail, background)

    May 22 Nordic telecoms firm Telia said on Monday it was buying Finnish cloud services firm Nebula from private equity company Ratos in a 165 million euro deal.

    * Telia says buys 100 pct of Finland’s Nebula Top at an enterprise value of 165 million EUR ($185 mln) on a cash and debt free basis.

    * Telia says expects synergies above 10 million euros within three years from cross sales and production cost savings.

    * In 2016 Nebula had net sales of EUR 35.1 mln and an adjusted EBITDA of EUR 13.5 mln.

    * Based on its 2016 results, the purchase price corresponds to an EV/EBITDA multiple of 12.8x, not considering synergies.

    * Telia says deal is subject to approval from the Finnish Competition and Consumer Authority and is expected to be completed in the third quarter of 2017.

    Categories: Cloud Update

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