Feeds

Telenor blows $1bn on broadband firms

Nice

  • alert
  • submit to reddit

Intelligent flash storage arrays

Telenor has splashed out more than $1bn on two broadband businesses in a bid to bolster the provision of high speed services.

Norway's big telco has forked out SEK6bn ($823m) on Bredbandsbolaget, Sweden's second biggest provider of broadband services with some 335,000 punters.

Telenor also splashed out DKK1.4bn ($237m) on Danish broadband outfit Cybercity. With 90,000 punters and 8 per cent market share, Cybercity's own DSL infrastructure covers more than two thirds of Denmark.

Said Telenor bigwig Morten Karlsen Sorby: "The acquisitions of Bredbandsbolaget and Cybercity strengthen Telenor's existing Nordic operations, and give Telenor a strong position in the fast growing Nordic broadband and datacom market."

Bredbandsbolaget and Cybercity will continue to operate under their own brands once the deal gets the thumbs up from regulators, which is expected some time in June. ®

Related stories

3G kicks off in Norway
Telenor takes down 'massive' botnet
Tiscali Norway flogged

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.