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Ice Group sells Net 1 Denmark to Cibicom

17 Jun 2020

Norwegian-listed Ice Group announced this morning that it has completed the sale of its Danish wireless broadband/IoT network operating subsidiary Net 1 Denmark to Cibicom (formerly Teracom), which owns and operates the Danish national radio/TV broadcast network alongside a nationwide LoRaWAN IoT network, data centres and critical communications systems. Ice Group – backed by largest shareholder, US-based Access Industries – said the divestment was in line with its strategic focus on Norway. The buyer and seller agreed not to disclose the value of the transaction.

Net 1 Denmark (registered as Ice Danmark) is focused on M2M/IoT/critical communications services, and was yesterday awarded a renewal of its national 450MHz cellular licence for a further 16 years (see separate CommsUpdate story today). Its new parent Cibicom is owned by European capital fund Agilitas.

Denmark, Cibicom (formerly Teracom Denmark), Cibicom Mobility (Net 1), Ice Group (formerly AINMT)

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