Atea Norway sells mobile service provider business
Atea Norway has entered an agreement to sell Atea Mobil, its mobile service provider business, to Nortel AS. The sale price for Atea Mobil was NOK 72.5 million. As part of the agreement, eight employees will be transferred to Nortel. Atea Norway will recognize a net positive EBIT impact of NOK 40 million from the sale of Atea Mobil in Q2 2022, after provisions for seller’s guarantees and other liability provisions in Atea Norway. “The combination of Nortel and Atea Mobil will create an even more powerful challenger to the leading mobile service providers in the corporate market,”