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 at present 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 line with the official launch, the transaction is anticipated to be closed in January 2024.

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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 information companies by way of 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 proper 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 essential 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 stay up for contributing to the long-term improvement of Telenor Satellite tv for pc.”

Additionally Learn: Telenor and Hafslund Companion to Set up Sustainable Information Centre Firm in Oslo

Important Market Presence in EMEA

Telenor and Area Norway have already signed a letter of intent outlining a strategic partnership and doable joint enterprise improvement initiatives, significantly relating to 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 information communication companies. It serves hundreds of thousands of houses with TV companies and practically 2,000 vessels and 600 land terminals with information connectivity,” famous the official launch.


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