Telenor acquires fiber companies LOS Bynett and Bynett Privat

July 11, 2011
Telenor says it has reached agreement with electrical utility Agder Energi to acquire the fiber companies LOS Bynett AS and Bynett Privat AS for NOK 300 million. Telenor Norway will use the companies to further its expansion into fiber-based broadband services delivery.

Telenor says it has reached agreement with electrical utility Agder Energi to acquire the fiber companies LOS Bynett AS and Bynett Privat AS for NOK 300 million. Telenor Norway will use the companies to further its expansion into fiber-based broadband services delivery.

LOS Bynett builds fibre-optic networks for the corporate market and the public sector, while Bynett Privat supplies private households. Combined, the two companies have 9,600 private customers and approximately 900 corporate customers. The companies had revenues of NOK 89 million in 2010, Telenor reports. The corporate customer base accounted for almost 50 percent of this revenue.

All 23 employees in Vestfold and the Agder counties will keep their jobs, Telenor says.

“Telenor's aim is to further develop these enterprises as part of Telenor's fixed broadband activities in Norway. We have great faith in the region comprising the Agder counties and Vestfold, and Telenor has already established a regional office in Kristiansand and a security center in Arendal. The strong local business community, population growth, and strong purchasing power make this an attractive region,” says Ragnar Kårhus, CEO of Telenor Norway.

“LOS Bynett and Bynett Privat will carry on with the same management and range of services as today. In a more long-term perspective we will consider integration of the companies with our other businesses and services,” Kårhus concludes.

The acquisition is contingent on approval from the Norwegian Competition Authority.

Sponsored Recommendations

Innovating the network edge with 100ZR QSFP28: The next frontier in coherent optics

Jan. 15, 2025
In this webinar, Juniper Networks, EXFO and Precision Optical Technologies are teaming up to showcase the new 100ZR QSFP28 pluggable coherent technology, exploring its foundational...

On Topic: Metro Network Evolution

Dec. 6, 2024
The metro network continues to evolve. As service providers have built out fiber in metro areas, they have offered Ethernet-based data services to businesses and other providers...

Meeting AI and Hyperscale Bandwidth Demands: The Role of 800G Coherent Transceivers

Nov. 25, 2024
Join us as we explore the technological advancements, features, and applications of 800G coherent modules, which will enable network growth and deployment in the future. During...

On Topic: Tech Forecast for 2025/ What Will Be Hot

Dec. 9, 2024
As we wind down 2024, Lightwave’s latest on-topic eBook will examine the hot topics for 2025. AI is at the top of the minds of optical industry players supporting...