Telenor buys rival GlobalConnect’s B2C ops in Norway for about $600M

4 hours ago 1
Telenor office in Floro, Norway

Roman Tiraspolsky

Norwegian telecom Telenor (OTCQX:TELNY) (OTCQX:TELNF) will buy Swedish rival GlobalConnect’s consumer fiber business in Norway in a transaction valued at NOK 6B (about $600M).

Telenor expects the deal, which includes GlobalConnect's fiber infrastructure, to increase its customer base in Norway by 140,000

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