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Wireless

AINMT raises NOK 800 mln to support Ice.net expansion

Wednesday 30 November 2016 | 11:58 CET | News
Norwegian investor AINMT has raised NOK 800 million (USD 93.2 million) in a private placement of new shares to help support expansion of its Norwegian mobile operator Ice.net. The proceeds will be used both for customer acquisition and network infrastructure build-out. The company sold 11.429 million shares to Norwegian and international institutional and professional investors at NOK 70 per share. Existing shareholders Access Industries and Rasmussengruppen AS pre-subscribed for NOK 250 million each in the placement.

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Categories: Mobile & Wireless
Companies: Ice.net
Countries: Norway
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