Telenor Boosts Broadband with Bahnhof Buy

Telenor to pay €552m for Bahnhof broadband to become #2 in Sweden

The acquisition will almost double Telenor’s consumer market share from about 15% to 27% as part of the group’s greater focus on its Nordic markets Telenor Group has agreed to acquire a controlling stake in Swedish broadband provider Bahnhof in a transaction valuing the company at SEK 6.1 billion (€552.7 million) on an enterprise value basis. The acquisition will make Telenor Sweden’s second-largest fixed broadband provider, up from third. it wi…

Telenor boosts broadband with Bahnhof buy

Telenor Group agreed to acquire a controlling stake in Swedish fixed provider Bahnhof in a deal valuing the company at SEK6.1 billion ($629.9 million), a buy which would trigger a mandatory offer to purchase all remaining shares. Subject to regulatory approvals, Telenor is set to purchase the 50.8% of Bahnhof owned directly and indirectly by founders Jon Karlung and Andreas Norman, alongside a 6.7% stake from Oresund Investment. Telenor stated t…

Telenor to Acquire Bahnhof in SEK 6.1 bn Deal, Expands Sweden Broadband Market Share to 27%

Telenor Group has announced the acquisition of a controlling stake in Swedish broadband provider Bahnhof in a transaction valued at SEK 6.1 billion, significantly strengthening its position in Sweden’s fixed broadband market. Telenor grows in Asia The deal will make Telenor Sweden the country’s second-largest fixed broadband provider, while increasing its consumer subscriber market share from approximately 15 percent to 27 percent. The acquisiti…