Telia agrees to buy NextGenTel mobile B2C customers for up to NOK 95 mln

News Wireless Norway 4 DEC 2017
Telia agrees to buy NextGenTel mobile B2C customers for up to NOK 95 mln

Telia Company said it has reached an agreement with NextGenTel to acquire slightly more than 34,000 B2C mobile customers and roughly 4,000 B2C mobile broadband customers. Telia said the deal is expected to close in early 2018 whereas NextGenTel said it was likely to be during June. NextGentel said the purchase price is a minimum of NOK 75 million and a maximum of NOK 95 million, depending on the number of customers actually migrated

The transaction is subject to national regulatory approval. Telia Norway CEO Abraham Foss said the operator saw an opportunity when it realised that NextGenTel wanted to prioritise its B2B segment. NextGenTel said its board had reassessed the company strategy and concluded that the consumer mobile customers were of less strategic importance for its future.

Categories:

Mobile

Companies:

NextGenTel,  Telia Norway

Countries:

Norway

Tags:

Sales figures, Wireless, Consumer, M&A buyouts & divestments

Related Articles

NORWAY 24 AUG 2018

NextGenTel Q2 sales receive boost from divestment proceeds, Norwegian customer base falls from Q1

Norwegian operation NextGenTel said that revenue in the second quarter of 2017 rose to NOK 354.8 million from NOK 266.6 million a year earlier, lifted by the sale of all its shares in Kvantel to Broadnet for NOK 132.7 million and final proceeds from the sale of its consumer mobile portfolio to Telia of NOK 7 million. Its number of Norwegian customers fell from the first quarter.

NORWAY 26 APR 2018

NextGenTel Q1 results buoyed by portfolio sale to Telia, customer base shrinks

Norwegian fixed and mobile internet service provider NextGenTel said that revenues in the first quarter of 2018 rose to NOK 377.6 million from NOK 318.3 million a year earlier, benefiting from NOK 79.8 million in proceeds from selling the consumer customer portfolio to Telia. Without this, revenues would have been NOK 297.90 million.

NORWAY 6 MAR 2018

NextGenTel posts net loss in Q4, revenue shrinks

Norwegian operator NextGenTel posted a drop in revenues and adjusted EBITDA year on year in the fourth quarter of 2017, but with less of a decline from the third quarter. It ended the period with losses at the operating and net result levels,and suffered a fall in customers.

NORWAY 15 JAN 2018

Telia offers very short term unlimited mobile internet via Telia Data Boost

Telia Norway said it is providing unlimited mobile internet for short periods under a new service called Data Boost. Customers can get one hour's surfing for NOK 19 or three hours' service for NOK 39, at a single stroke using the Mitt Telia self-service application.

NORWAY 15 JAN 2018

Competition authorities clear sale of NextGenTel B2C customers to Telia

NextGenTel Holding said that the Norwegian competition authorities have approved the sale of its consumer mobile customer portfolio to Telia, and that the transaction is expected to close during June 2018. Telia said in December that it would acquire slightly more than 34,000 B2C mobile customers and roughly 4,000 B2C mobile broadband customers. NextGentel said at the time that the purchase price would be between NOK 75 million and a maximum of NOK 95 million, depending on the number of customers actually m

NORWAY 5 JAN 2018

Telia Norway offers NOK 600 discount off any phone with 12-month tie-up

Telia Norway ssid it is offering a discount of NOK 600 off any mobile phone model. It said the offer is valid when signing up for twelve months for most subscriptions.

NORWAY 4 JAN 2018

Telia Norway says New Year's Eve data traffic surges 135%, helped by Snapchat

Telia Norway said that the number of text messages sent on its network on New Year's Eve 2017 rose to 17.57 million from 13.63 million in 2016. Mobile internet usage surged by 135 percent to 80 GB per second this year, from 34 GB per second on 31 December 2016. Much of this was used on social networks, said Kjersti Jamne, head of private market operations at the company, and Snapchat in particular.

NORWAY 21 DEC 2017

NextGenTel board member sells shares, announces departure

Norwegian telecoms provider NextGenTel said that board member Aril Resen's company Xfile sold all its shares in NextGenTel on 13 December. Following the sale, Resen has announced his wish to leave the board. He will not be replaced until the annual general meeting in April 2018.

NORWAY 4 DEC 2017

Telia koopt mobiele consumentensegment NextGenTel

Telia Company geeft aan dat het overeenstemming heeft bereikt met NextGenTel voor de overname van ruim 34.000 B2C mobiele klanten en zo'n 4.000 B2C mobiele breedbandklanten. Telia geeft aan dat de overname in het begin van 2018 zal worden afgerond, terwijl NextGenTel het over juni 2018 heeft.

NORWAY 16 NOV 2017

Telia Norway buys fibre from Eidsiva Bredband to make mobile network more robust

Telia Norway said it has signed a contract to procure fibre from Eidsiva Bredband in order to make its network more robust and pave the way for 5G. In the first phase, Eidsiva Bredband will supply dark fibre for base stations in Gjovik, Hamar, Lillehammer, Elverum and Kongsvinger. In the second, it will deliver lines to other parts of the counties of Hedmark and Oppland and to the upper Romerike region.

NORWAY 27 OCT 2017

NextGenTel posts Q3 net loss, wins VULA dispute, criticises Telenor's copper upgrade stance

Norwegian operator NextGenTel said posted a net loss for the third quarter and revenue downturn with a smaller customer base. It said it won a VULA dispute with Telenor after the close of the quarter, and said Telenor's demands for copper modernisation would have reduced competition.

NORWAY 26 OCT 2017

Nkom to regulate copper grid modernisation as Broadband Forum working group gives up

Norwegian communications regulator Nkom said it will start regulation of the modernisation of Norway's copper networks, after the Broadband Forum working group failed to reach an agreement after nineteen months of discussions. The working group comprised Telenor, Broadnet, NextGenTel, Eidsiva, Enivest and TDC.

NORWAY 13 OCT 2017

NextGenTel names Telenor's Wigenstand Krekling to replace Nottveit as CFO

NextGenTel Holding said its CFO Tom Nottveit has resigned from the role, which he has held since 2007. He will be succeeded by 01 February 2018 at the latest by Gaute Wigenstad Krekling, currently financial director and head of CPA and M&A at Telenor Norway. NextGenTel said it understood Nottveit's decision, and wished him all the best for the future.

NORWAY 16 AUG 2017

NextGenTel suffers Q2 loss, plans to cut costs NOK 40 mln per year

Norwegian operator NextGenTel said that revenue in the second quarter of 2017 dropped to NOK 317.23 million from NOK 345.53 million a year earlier. The company suffered an operating loss of NOK 1.46 million, after an operating profit of NOK 19.91 million in the second quarter of 2016. It plans to cut operating expenses by another NOK 40 million annually, mainly by trimming staff.

NORWAY 11 JUL 2017

Ice buys 40,000 clients from unknown operator for NOK 75 mln

AINMT said that its Norwegian network operator ice.net has agreed to acquire a B2C customer base from an undisclosed Norwegian mobile phone operator. After migration, ice.net is expected to have acquired a net amount of minimum 40,000 B2C customers. Ice.net will pay approximately NOK 75 million for the customer base, plus a potential bonus, dependent on the number of subscribers successfully migrated to Ice.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.