Telia Company’s acquisition of Phonero in Norway is completed
Telia Company’s acquisition of the Norwegian operator Phonero, which was announced on November 7, 2016, is now completed. The deal was approved by the Norwegian competition authority on April 3.The transaction was completed at an enterprise value of NOK 2,300 million on a cash and debt free basis. The transaction will strengthen Telia’s position in the Norwegian enterprise segment and expects to generate annual cost synergies of approximately NOK 400 million. For more information, please contact our press office +46 771 77 58 30, visit our Newsroom