Telio Holding ASA (“Telio”) and TeliaSonera Norge Holding AB (“TS”) have signed an agreement whereby Telio shall acquire TS’ wholly owned subsidiary NextGenTel AS (“NGT”).
Through the Acquisition, Telio will become the number three provider of fixed broadband in the Norwegian market and the number two provider of xDSL broadband.
In a press release, Telio writes that the Norwegian telecom market is undergoing rapid changes driven by technological developments and altered communication patters between people. These changes require swift adaptation by the providers of telecommunication services, Telio writes..
Telio has held a leading position within VoIP services for a number of years in the Norwegian market and has recently expanded its product offering to include related services, including mobile and broadband services (through an agreement with NGT).
The Acquisition will not only secure Telio in-house capabilities and delivery of such broadband services, but also significantly expand Telio’s customer base. The combined entity will thus have substantial potential for cross-selling of services to the combined company’s customer portfolio. Furthermore, the combined entity will have significant potential for realizing scale benefits and more cost effective operations, Telio states.
(NRK/Aftenposten/press release)
Norwegian telecom company Telenor has been exposed to industrial espionage for the past three years, NRK reports.
..
The Norwegian Telenor Group has presented its updated plans for the company's operations in India, and says the aim is to capture growth in one of the world’s largest mobile markets.
..
Norwegian telecommunications provider Telenor has reported Second Quarter revenues of NOK 25.4 billion, representing an organic revenue growth of five per cent. (Photo: Telenor CEO Jon Fredrik Baksaas)
..
Harald Norvik, the Chairman of the Board of Directors of Norwegian telecom provider Telenor ASA, on Wednesday informed the Board that he will resign.
..
Norway's Minister of Trade and Industry, Trond Giske, has travelled to India in an attempt to open up Telenor's communication with India's finance minister and save the mobile carrier's investments in India.
..
Militant Islamists are still Norway’s biggest threat, but computer hacking can soon be compared to traditional warfare, says the Norwegian Intelligence Service.
..
Administration Minister Rigmor Aasrud has met with India's Minister of Telecommunications, Kapil Sibal, who was quoted as saying that Telenor was not to be blamed for alleged corruption around telecom lisences.
..
Justice Minister Grete Faremo will Wednesday visit Møre og Romsdal, one of the counties hardest hit by winter storm "Dagmar" last weekend. Power and tele networks are now restored most places.
..
