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Thursday, October 09, 2003
Denmark: FTTH-pioneering power utility NESA acquired by Elsam
"Elsam AS moved to fully acquire NESA AS after signing on Sunday an agreement that would give it a 78.75% stake in the power distributor. Yesterday, Elsam SA made a cash bid for NESA in a move that, if successful, would create Denmark's largest power firm."
NESA, partially owned by two large municipalities, has been moving to offer FTTH (fiber to the home) in the last several years. They were in the process of moving much of their aerial power distribution network underground; the incremental cost of deploying fiber to the home is small when a utility is already burying power cable anyway.
NESA will be presenting a case study of their FTTH project at the Digital Reykjavik conference next month.