Home Telecom Telenor Sells Satellite tv for pc Unit to Area Norway for NOK 2.36 Billion

Telenor Sells Satellite tv for pc Unit to Area Norway for NOK 2.36 Billion

Telenor Sells Satellite tv for pc Unit to Area Norway for NOK 2.36 Billion


Telenor Sells Satellite Unit to Space Norway for NOK 2.36 Billion
Norway’s Telenor Group introduced immediately that it has entered into an settlement with Area Norway, wholly owned by the Norwegian Authorities, to promote its satellite tv for pc subsidiary ‘Telenor Satellite tv for pc’ at an enterprise worth of NOK 2.36 million. In accordance with the official launch, the transaction is anticipated to be closed in January 2024.

Additionally Learn: Orange Launches Satellite tv for pc Broadband Service in France With Nordnet

New Possession for Telenor Satellite tv for pc

“For greater than 20 years, we’ve got served our clients with premium, high-quality broadcasting and knowledge companies through satellite tv for pc. Now the time has come for a brand new period for Telenor Satellite tv for pc. With Area Norway, Telenor Satellite tv for pc may have an industrial proprietor who has the correct competence and who will prioritise the required monetary sources to grasp the corporate’s potential,” Telenor stated.

Commenting on the event, Area Norway stated, “Satellite tv for pc-based capabilities are extra necessary than ever. The mix of Area Norway’s partly governmental clients and Telenor Satellite tv for pc’s industrial buyer base will give the brand new firm a powerful platform to develop the enterprise in each sectors. We’re very excited to enter into this settlement and look ahead to contributing to the long-term growth of Telenor Satellite tv for pc.”

Additionally Learn: Telenor and Hafslund Associate to Set up Sustainable Knowledge Centre Firm in Oslo

Vital Market Presence in EMEA

Telenor and Area Norway have already signed a letter of intent outlining a strategic partnership and doable joint enterprise growth initiatives, notably concerning further satellite tv for pc capability and satellite tv for pc consulting companies.

“Telenor Satellite tv for pc is a European satellite tv for pc operator that covers the European, Center East, and North African (EMEA) market with broadcasting and knowledge communication companies. It serves hundreds of thousands of houses with TV companies and practically 2,000 vessels and 600 land terminals with knowledge connectivity,” famous the official launch.



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