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General

NextGenTel agrees to sell Kvantel to Broadnet for NOK 250 mln

Friday 27 April 2018 | 11:55 CET | News
NextGenTel Holding said that it has agreed to sell its datacom provider Kvantel to Broadnet for NOK 250 million, even though it has a growth strategy for the corporate market. Kvantel generated NOK 210.6 million in revenues in 2017. It said Broadnet made it an attractive offer that will provide NextGenTel with significant liquidity, increasing its flexibility both financially and strategically in a changing telecoms market.

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Categories: General
Companies: Broadnet / NextGenTel
Countries: Norway
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