TeliaSonera considering NextGenTel sale

15 May 2012

Swedish telco TeliaSonera is reportedly planning to sell off its Norwegian broadband arm, NextGenTel. According to Swedish daily Dagens Industri, which cited unnamed people familiar with the matter, TeliaSonera has issued an investment memorandum to potential buyers, and expects the sale to bring in between SEK1.0 billion and SEK1.5 billion (USD143 million-USD214 million). According to TeleGeography’s GlobalComms Database, NextGenTel is Norway’s third largest broadband operator by subscribers, with 188,000 customers signed up at the end of 2011. However, this represented a market share of just 10.7%; the sector’s second largest operator, Ventelo, took 10.8% of the market, whilst the leader, fixed line incumbent Telenor Norge took the lion’s share, with 876,000 subscribers giving it a market share of 50.0%.

Norway, NextGenTel Holding (incl. Telio Norway, Bitpro), Telia Company