Telenor acquires Bahnhof to strengthen position in Sweden
Sweden, July 8 -- Telenor Group has agreed to acquire a controlling stake in Swedish broadband provider Bahnhof in a transaction valuing the company at SEK 6.1 billion on an enterprise value basis. The acquisition will make Telenor Sweden's second-largest fixed broadband provider. Completion of the acquisition, which is subject to regulatory approvals, will trigger an obligation for Telenor to make a mandatory cash offer to all shareholders of Bahnhof. A stronger platform for growthFounded in 1994, Bahnhof has built a strong and profitable fixed broadband business in Sweden, serving more than 500,000 consumer customers and approximately 15,000 enterprise customers. The company's assets include proprietary network infrastructure, access to o...
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