NextGenTel acquires Tele2 Norge broadband operations

29 May 2009

Swedish telecoms group Tele2 has announced that it has divested its Norwegian fixed broadband operations, including its VoIP customer base, to NextGenTel. Pending approval from the regulatory authorities, NextGenTel is expected to pay approximately SEK120 million (USD15.52 million) in cash for the operations. Commenting on the sale Niclas Palmstierna, Market Area Director Nordic at Tele2, said: ‘Tele2 continuously evaluates its business plans in every region it operates to make sure that maximum value is being created for its shareholders. Our Norwegian broadband operation has made good progression over the years. However, as competition increases and as there is a need for market consolidation, we have decided to sell to NextGenTel. This will enable Tele2 to focus even harder on its mobile and fixed telephony operations with expectations of higher returns.’ According to TeleGeography’s GlobalComms database, at the end of March 2009, Tele2 Norge had 87,000 broadband subscribers and estimated 23,000 VoIP customers.