Competition clearance of sale of Kvantel AS

With reference to the stock exchange notice issued by NextGenTel Holding ASA (the "Company") on 27 April 2018 regarding the sale of Kvantel AS, the Company has today been notified that the Norwegian competition authorities have approved the transaction. The transaction is expected to close end of June 2018. 

About Us

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. The company is headquartered in Oslo, Norway and is listed on the Oslo Exchange as NGT. NextGenTel's mission is to be a major force in defining and providing fixed and mobile internet communications to the consumer and small businesses.