Tele2 to sell Danish operation to Telenor

9 May 2007

Swedish telco Tele2 has said it intends to sell its Danish subsidiary to Norwegian group Telenor for SKK1.03 billion (USD152 million), as part of its efforts to concentrate on markets with higher returns. ‘As competition increases and there is a need for more infrastructure-based operations, we have decided to hand over the baton to Telenor,’ said Tele2 CEO Lars-Johan Jarnheimer. According to TeleGeography’s GlobalComms database, Tele2 Denmark ended the year with 180,000 fixed line subscribers and an estimated 68,000 broadband customers. The sale is expected to be completed by the end of June, pending approval from competition authorities.

Denmark, Norway, Sweden, Tele2, Telenor Denmark, Telenor Group