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Telia to acquire Phonero to strengthen Norwegian enterprise segment

Connectivity BusinessbyConnectivity Business
November 7, 2016
in Investments, Space Services
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Sweden’s Telia has agreed to buy Norwegian SME-focused MVNO Phonero from privately owned investment companies Kistefos and Norvestor for an enterprise value of SKr2.3bn (US$255.5m) on a cash and debt-free basis. The transaction will increase Telia’s market share in the local mobile enterprise segment from 13 to 27% and the company expects to generate annual cost synergies of about SKr400m (US$44.4m). Sweden’s Telia (STO:TLSN) has […]

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Tags: ABG Sundal Collier HoldingBA-HRCarnegieDNB MarketsErnst & YoungEuropeKistefosKvaleNorvestorOmnitel LituaniaPhoneroPremiumTcellTeliaTEO LTTF250
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