Norway’s Telenor buys fibre operator Enivest for $264 million
Norwegian telecom operator Telenor said on Wednesday it has agreed to acquire fibre operator Enivest for 2.5 billion Norwegian crowns ($263.55 million), expanding its broadband footprint in western Norway.
The acquisition includes Enivest’s fibre network and approximately 28,000 customers, as well as a 34% stake in Ardalsnett, which has around 3,000 customers.
“We will continue to invest in robust digital infrastructure in Norway and have clear ambitions to grow within broadband, including through acquisitions,” Telenor CEO Benedicte Schilbred Fasmer said.
