Teracom Group AB is a Swedish state-owned company that delivers information and communication services aimed at operators of essential functions within the Swedish civilian and military systems.
The reason behind the spin-off was to separate what became Teracom from the commercial aspect of the now-deregulated Swedish telecom business.
In October 2018, Teracom sold its Danish subsidiary (Teracom A/S) to the London-based investment company Agilitas Private Equity LLP, which subsequently changed the latter's name to Cibicom A/S in January 2019.
[3] The background to Teracom's acquisition of Net 1 was to secure telecommunications via mobile broadband to authorities and companies via the 450 MHz band with government control and in the long term.
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