Telenor Sweden

Telenor Group in Sweden also includes Bredbandsbolaget and Glocalnet. Together they have more than 2 million subscribers, an annual turnover in 11,304 mln. dollars of the USA (2010) and about 2200 employees.

History

2013: Telenor purchases the fiber optic cable network belonging to the Swedish Tele2

The Telenor Sweden company (Telenor) announced in October, 2013 acquisition of the fiber optic cable network belonging to Tele2 Sweden AB (Tele2). Transaction amount is 775 million Swedish kronur. At the end of 2012 the purchased fiber optic business generated to the owner 530 million Swedish kronur of revenue.

The transaction includes the client portfolio integrating about 370 thousand households connected to the Internet by means of a fiber optic cable. From them:

• 125 thousand households are regular users of a broadband network;
• 75 thousand households use services of digital television broadcasting;
• 220 thousand households are connected to cable television networks.

All 68 employees servicing the fiber optic cable network Tele2 Sweden, according to terms of the contract, will be transferred on a full-time basis Telenor Sweden companies.