Elisa Saunalahti

Saunalahti (previously Jippii) was a Finnish mobile phone operator and an internet service provider.

This article is about the company. For the city district of Espoo, Finland, see Saunalahti, Espoo.
Saunalahti
TypePrivate
IndustryTelecommunications
Founded1996
Defunct31 December 2011 (as an independent company)
15 October 2014 (branding merged into Elisa)
Headquarters
Finland
ProductsTelecommunication services
OwnerElisa

History

The company was founded in 1996 when three middle-sized internet operators merged.

In 2009 the Helsinki Court of Appeal convicted Jippii leadership of using inside information when selling its own shares, accounting mistakes and too good information of the company finance to public in 2001.[1] The case was brought back to the court in 2012 and all 26 convictions were overturned. The Finnish state was obliged to pay 4 million euros from the trial.[2]

In 2005 Saunalahti merged with Elisa.[3]

Icelandic-led Novator acquired a large share of the company in 2005.[4] Subsequently Elisa acquired all stock and Saunalahti was delisted from the Helsinki Stock Exchange in the first half of 2006.[5]

Elisa joined its marketing brands together as 15 October 2014, and marketing its telecommunications-services to private personal's, as the new joined Elisa-Saunalahti -brand name.

References
  1. Hovrätt HELSINGIN HOVIOIKEUS MEDIATIEDOTE 28.5.2009 (in Finnish)
  2. Jippii-jutun syytteet hylättiin yle 21.12.2012 (in Finnish)
  3. "Redemption Offer for Saunalahti Shares and Share Options".
  4. "Novator acquires stake in Saunalahti".
  5. Kauppalehti. "Pörssistä poistuneet ja nimenvaihdokset". Retrieved 9 May 2013.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.