0
General

Telenor enters Finland with acquisition of 54% of DNA for EUR 1.5 bln

Tuesday 9 April 2019 | 10:41 CET | News
Telenor Group said it has agreed to acquire 54 percent of the shares in the Finnish telecom operator DNA for EUR 20.90 each in cash, or a total of EUR 1.5 billion. The acquisition is through separate agreements with DNA's two largest shareholders, Finda Telecoms and PHP Holding, which own 28.3 percent and 25.8 percent respectively. Completion would trigger a mandatory public buy-out offer of the remaining DNA shares at the same price.

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: General
Companies: DNA / Telenor
Countries: Finland / 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

Elisa revenues slide in Q1 hit by tough competitive environment

Published 17 Apr 2019 14:56 CET | Finland
Finnish operator Elisa said revenues slid 2.2 percent from the year before to EUR 440 million in the first quarter, mainly due to ...

Last week in telecoms: German auction passes EUR 5 billion, busy M&A and debt markets, lively Italian mobile market

Published 15 Apr 2019 07:01 CET | Europe
The ongoing German spectrum auction appears to be taking a toll on the European telecoms sector. Most German shares ended week 15 ...

Telenor names Moen to replace Karhus as CEO of Canal Digital and Telenor Broadcast

Published 12 Apr 2019 14:54 CET | Scandinavia
Telenor said that it has appointed Bjorn Ivar Moen as the new CEO of Canal Digital and Telenor Broadcast with effect from 01 ...

Telia Finland starts offering refurbished mobile phones with 2-year warranties

Published 09 Apr 2019 14:02 CET | Finland
Telia Finland said it offers six models of refurbished mobile phones under the name Telia Recycled, using the English word, as a ...

Telenor koopt belang van 54% in DNA en gaat Finse markt op

Published 09 Apr 2019 11:00 CET | Finland
Telenor Group is akkoord gegaan met het verwerven van 54 procent van de aandelen in de Finse operator DNA voor EUR 20,90 per stuk ...

Lyse announces merger of Viken Fiber with Fiber1

Published 22 Mar 2019 12:49 CET | Norway
Norwegian regional provider Lyse said it will be the largest shareholder in a new company formed by the merger of Viken Fiber and ...

Ukkoverkot and Port of Oulu sign 5-year smart docks system contract with Nokia

Published 21 Mar 2019 14:33 CET | Finland
Finnish private LTE network provider Ukkoverkot and the Port of Oulu have signed a five-year agreement with Nokia to implement a ...

Telia Norway drops TDC brand, offers secure router to SMEs backed by Cisco security

Published 21 Mar 2019 11:53 CET | Norway
Telia Norway said it is dropping the TDC brand after its takeover of Get TDC last summer and is bringing out the first product ...

Tele2 Sweden offers double broadband speed to customers with services from Com Hem, too

Published 21 Feb 2019 13:44 CET | Sweden
Tele2 Sweden said it is now offering double broadband speed to customers who also get services from its new subsidiary, Com Hem. ...

DNA lifts Q4 net sales, fueled by rise in mobile device sales, profits fall

Published 07 Feb 2019 13:54 CET | Finland
Finnish operator DNA has announced a rise in net sales in the fourth quarter but a fall in profits in a financial statements ...

Elisa suffers slight fall in Q4 revenue as traditional fixed services weaken, EBITDA rises

Published 31 Jan 2019 12:53 CET | Finland
Elisa reported a slight dip in fourth quarter revenue and a rise in EBITDA. It said revenue slipped to EUR 471 million from EUR ...

Telenor investor urges infrastructure sell-off and switch of equity to debt

Published 28 Jan 2019 13:57 CET | Norway
Telenor has been sent a letter by activist investor Constructive Capital, urging it to sell off its mobile masts and switch ...

Telia Finland Q4 local currency net sales drop 2.5% year on year, sheds 2,000 mobile users during quarter

Published 25 Jan 2019 11:24 CET | Finland
Telia said that net sales in Finland increased by 8.4 percent in reported currency in the fourth quarter to SEK 4.08 billion (SEK ...

DNA says Finda Telecoms cuts stake below 30%

Published 09 May 2018 12:59 CET | Finland
Finnish operator DNA said it has received a notification under the Securities Markets Act that Finda subsidiary Finda Telecoms' ...

DNA sets IPO price range of EUR 9.85 to EUR 11.15

Published 15 Nov 2016 14:15 CET | Finland
Finnish operator DNA has announced a preliminary price range for its initial public offering (IPO) of EUR 9.85 to EUR 11.15 per ...





Calendar   /   Industry Events

24 Apr AT&T Q1 2019
24 Apr Facebook Q1 2019
24 Apr Tele2 Q1 2019
24 Apr Grameenphone Q1 2019
24 Apr F5 Networks fiscal Q2
24 Apr Line Q1 2019
24 Apr STMicroelectronics Q1 2019
24 Apr Facebook Q1 2019
24 Apr Orange Belgium Q1 2019
24 Apr Netgear Q1 2019
24 Apr Brightcove Q1 2019
24 Apr Microsoft fiscal Q3
25 Apr Dtac Q1 2019
25 Apr MobileIron Q1 2019
25 Apr Consolidated Communications Q1 2019
25 Apr A10 Networks Q1 2019
25 Apr Intel Q1 2019
25 Apr Digital Realty Q1 2019
25 Apr Verisign Q1 2019
25 Apr Rovio Q1 2019
25 Apr Netia Q1 2019
25 Apr Telia Q1 2019
25 Apr Nokia Q1 2019
25 Apr DNA Q1 2019
25 Apr Juniper Networks Q1 2019
25 Apr Comcast Q1 2019
25 Apr Amazon Q1 2019
25 Apr T-Mobile US Q1
25 Apr Blockchain Expo Global
25 Apr AI Expo Global
25 Apr IoT Tech Expo Global
25 Apr Customer Experience Management in Telecoms World Summit
::: More Calendar Items