Eversheds advised Lounea Oy as it acquired the entire business operation of Etelä-Satakunnan Puhelin Oy. The business comprises, inter alia, telephone and broadband subscriptions and cable TV networks. The transaction supports Lounea’s long-term goals and strategy of a strong local presence.

Operating in Southwest Finland, Lounea Oy provides telecommunication links and services and has branches in Salo, Forssa, Lohja, Somero, Loimaa and Lieto. The Lounea group additionally includes Lounea Palvelut Oy, also operating in the field of telecommunication business, and Jimm’s PC-Store, a nationally operating IT webstore. The group’s annual turnover is approximate-ly EUR 58 million, and it employs about 190 people.