Thursday, December 22, 2011

EQT acquires Ventelo for USD305m

Swedish private equity firm EQT VI has agreed to acquire Norwegian telecoms provider Ventelo from six regional power companies – BKK, Troms Kraft, Agder Energi, NTE, Eidsiva Bredband and Altibox – for an equity value of up to NOK1.8 billion (USD304.9 million). Following the successful completion of the transaction, the new owner says it will provide expertise, resources and support for further profitable growth and expansion of Ventelo’s nationwide fibre network.


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OVETEL EQT acquires Ventelo for USD305m

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