Elisa Oyj (HLSE:ELISA) signed an agreement to acquire an unknown majority stake in Moontalk Oy on January 16, 2024. Moontalk currently has over 1,400 customers and reported a revenues of ?10 million. Upon completion, Moontalk will become a subsidiary of Elisa.

The transaction is subject to approval from the Finnish Competition and Consumer Authority and other customary conditions. Marcus Möller, Samu Lassila and Katri Joenpolvi of Krogerus Attorneys Ltd acted as legal advisor to Elisa Oyj.