Norway, May 12 -- Telenor has entered into an agreement with Verdane to establish a joint ownership structure over Telenor Connexion. The transaction values the company at SEK 7.5 billion. The partnership is intended to realise value from Telenor Connexion's strong market position while providing the company with access to long-term growth capital through an efficient ownership structure.Over the past 25 years, Telenor Connexion has built a strong global position in managed IoT services and connectivity solutions for large, global customers. The market is expected to grow at double digit rates towards 2030. Today, the company is a top ten player globally outside China, with 31 million IoT SIM cards in operation and deliveries to more than 2...