Telenor made strategic progress in a challenging quarter
Service revenues fell 0.7% and EBITDA fell 4.8% organically, while the company expanded broadband and secured defence contracts.
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International telecommunications and digital services group
telenor.comLast updated
In short: Telenor executed a strategic pivot toward the Nordic region, divestment from Asian markets, and significant expansion of its fiber assets.
Service revenues fell 0.7% and EBITDA fell 4.8% organically, while the company expanded broadband and secured defence contracts.
The acquisition makes Telenor Sweden's second-largest fixed broadband provider, valuing Bahnhof at SEK 6.1 billion.
The framework is valued up to GBP 5.4 billion over eight years, covering tactical comms systems and components.
The acquisition includes Enivest's fibre network, 28,000 customers, and a stake in Årdalsnett, strengthening Telenor's broadband position.
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