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Article: Telenor looks to acquire 100 percent of Swedish broadband provider.(SWEDEN)
- Article from:
- European Telecom
- Article date:
- April 1, 2006
CopyrightCOPYRIGHT 2006 Information Gatekeepers, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Telenor has increased its ownership interest in Swedish broadband provider Glocalnet to 50.1 percent. At the same time, an offer was made for all outstanding shares in the company. The Swedish competition authority has now approved the acquisition. "The approval from the Swedish authorities was expected, but we are nevertheless pleased that all formal requirements have now been met," said Morten Karlsen Sorby, executive vice president and head of Telenor Nordic. "Glocalnet is an exciting business with a clear-cut challenger position in the market, and we look forward to ...