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Sales: SEK 1,484 million in 2017
EBITDA: SEK 390 million in 2017
Employees: 590

IP-Only is a leading provider of high capacity fiber based data communication and datacenter services in Sweden. IP-Only owns and operates a high-capacity fiber network linking the Nordic capitals as well as Sweden’s second and third largest cities Gothenburg and Malmo.

In addition, IP-Only owns a Metro Area Network (MAN) in Uppsala, and several data centres supporting co-location and cloud based product offerings to corporate clients.

IP-Only was founded in 1999. In 2002, it acquired the Scandinavian fiber network of bankrupted KPNQwest. In total, approximately SEK 3 billion has been invested in IP-Only’s network infrastructure over the years. The Company is headquartered in Uppsala, Sweden.

To IP-Only

Market trends and drivers

Data traffic is increasing rapidly due to the proliferation of high quality on-demand video streaming, cloud services and video conferencing and is expected to continue  to grow at a high pace making continued conversion to fiber technology inevitable.

According to a forecast from technology company Cisco Inc, global internet traffic is expected to quadruple between 2011 and 2016. In the same period, the number of internet connections and devices is expected to double to almost 19 billion.

Investment potential

The acquisition of IP-Only was based on the company’s growth potential as a stand-alone business but also on the opportunity to use IP-Only as a platform to make add-on acquisitions of Metro Area Networks in order to consolidate the Swedish MAN market and achieve greater efficiencies and economies of scale.

The business development plan includes accelerated investments and build-out of IP-Only’s fiber network coupled with further development of new services and offerings. EQT also has the ambition to pursue add-on acquisitions of primarily Swedish MAN’s in order to create a leading independent and open network operator in Sweden.