Telenor acquires Enivest in Western Norway for NOK 2.5 billion
The acquisition includes Enivest's fibre network, 28,000 customers, and a stake in Årdalsnett, strengthening Telenor's broadband position.
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International telecommunications and digital services group
telenor.comLast updated
In short: Telenor executed a strategic pivot toward its Nordic operations through major divestments in Asia and key acquisitions in the Norwegian fiber market.
The acquisition includes Enivest's fibre network, 28,000 customers, and a stake in Årdalsnett, strengthening Telenor's broadband position.
The Norwegian Competition Authority approved the NOK 6 billion deal subject to remedies, adding 125,000 fiber customers.
The changes replace four Business Areas with a country-centric structure, bringing decisions closer to markets.
Telenor Connexion valued at SEK 7.5 billion; Telenor receives SEK 3.8 billion in cash.
The analysis indicates that Telenor can become a pure cash flow machine and that the valuation can rise.
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