0
Broadband

EQT acquires Norwegian operator Ventelo for NOK 1.8 bln

Wednesday 21 December 2011 | 12:46 CET | News
EQT VI has agreed to acquire Norwegian operator Ventelo from BKK, Troms Kraft, Agder Energi, NTE, Eidsiva Bredband and Altibox for an equity value of up to NOK 1.8 billion. Ventelo is Norway's second largest provider of data and telecom services, in addition to controlling one of only two nationwide fibre networks in Norway, with metro ring networks in the largest cities. Ventelo expects revenues in 2011 of NOK 2.6 billion and EBITDA of approximately NOK 400 million. EQT VI's strategy is to significantly strengthen the fibre network offering to Norwegian companies and organisations by

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Altibox / Ventelo
Countries: Norway
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

EQT plans IPO and listing in Stockholm

Published 03 Sep 2019 11:58 CET | Sweden
Investment company EQT said that it intends to launch an initial public offering (IPO) and listing of its shares on Nasdaq ...

Ventelo's Broadnet supplies 100 Gbps fibre link for Uninett

Published 26 Jun 2012 13:21 CET | Norway
Uninett, a Norwegian government-owned company responsible for deploying and maintaining a national research based computer ...

Ventelo restructures business, creates Broadnet brand

Published 08 Mar 2012 16:23 CET | Norway
Norwegian operator Ventelo reorganised its business by creating two business units, namely the data communications provider ...

Ventelo names Igel as CEO

Published 22 Feb 2012 10:14 CET | Norway
Norwegian operator Ventelo appointed Anders Igel as its new CEO. Igel is a former CEO of TeliaSonera and has previously been CEO ...

Ventelo files petition for Ludo Mobil's bankruptcy

Published 26 Jan 2012 15:13 CET | Norway
Norwegian mobile operator Ventelo announced it will soon stop providing services to MVNO Ludo Mobil, a subsidiary of Ludo Group, ...

Apax, Niel, EQT to bid for Orange Switzerland - report

Published 12 Dec 2011 09:55 CET | Switzerland
Apax Partners, EQT Partners and Providence Equity Partners are among investors planning to submit second-round bids this week for ...

Ventelo most popular ISP among business users – survey

Published 24 Oct 2011 16:03 CET | Norway
Norwegian operator Ventelo tops the list of Norwegian broadband operators in terms of customer satisfaction on the corporate ...

EQT receives at least 5 bids for Kabel BW - report

Published 18 Feb 2011 16:47 CET | Germany
Swedish private equity group EQT has received at least five bids for German regional cable network operator Kabel ...