Mergers and Acquisitions: Telia Company acquires NextGenTel’s mobile B2C-customers

Telia Company has agreed with NextGenTel to acquire approximately 38,000 Norwegian mobile B2C-customers.

The agreement with Norwegian telco NextGenTel encompasses the acquisition of slightly more than 34,000 B2C mobile customers and roughly 4,000 B2C mobile broadband customers.

"We are pleased with this agreement and we saw an opportunity when we realized that NextGenTel wanted to prioritize its B2B-segment. We welcome NextGenTel’s customers who are already familiar with our award-winning 4G network,” says Abraham Foss, CEO of Telia Norway.

The transaction is expected to close in early 2018 and is subject to regulatory approvals in Norway.

The NextGenTel Group is a major player in providing fixed and mobile Internet communication services to consumers and businesses with a #2 position within xDSL broadband in the Norwegian market.

The range of services covers access independent broadband, data net, Ethernet, VoIP, mobile and TV. In addition, the Group provides VoIP services to consumers in Denmark, Switzerland and the Netherlands.

NextGenTel was founded in 2000 and is a frontrunner within broadband technology and services. The company has a #2 market position within xDSL broadband in Norway, with a total of 160,000 broadband subscribers (xDSL and fiber). 74 percent of revenues are generated within the consumer segment and 26 percent within the corporate segment. A large share of the revenues is recurring (subscription based). NextGenTel was acquired by Telio with effect from 1 February 2013.