Xtranet Gruppen i Stockholm AB (publ) (XSAT:XTRA) entered into an agreement to acquire Exalt Network AB and Exalt Installation AB from TIaxe AB in cash and stock on June 29, 2016. As part of consideration, Xtranet Gruppen i Stockholm agreed to issue approximately 1.8 million shares and an unknown portion in cash. The cash portion of the transaction is financed over Xtranet’s own funds, supplemented by bank credits. The transaction is expected to close and the issued shares are expected to be registered on July 1, 2016. Xtranet Gruppen i Stockholm AB (publ) (XSAT:XTRA) cancelled the acquisition of Exalt Network AB and Exalt Installation AB from TIaxe AB in cash and stock on June 29, 2017.