Access Industries, The Carlyle Group and Investor AB to sell Bredbandsbolaget to Telenor
23rd May 2005 – The investors in Bredbandsbolaget (B2), Access Industries, The Carlyle Group and Investor AB, today announce that they have signed an agreement to sell B2 to Telenor.In 1999 Bredbandsbolaget was a start-up business with 20 employees and 50 subscribers. The business plan was to build a fibre network across Sweden to provide home and business users with fast broadband access. The investor group funded the build-out of a national network, working very closely with the management team to focus the business, build revenues and subscribers and expand the service offerings.