Norway’s Telenor Acquires Tele2 Denmark for $152 Million

In an effort to build scale and take the number two position in the Danish broadband and mobile markets Norwegian operator Telenor has snapped up Tele2 Denmark from its Swedish parent company for 1.03 billion kronor ($152 million). Tele2 Denmark has, as of year end 2006, 227,000 mobile customers and 75,000 broadband customers. The acquisition boosts Telenor’s Danish mobile market share from 23.3 to 27.3 percent and broadband market share from 10 to 14 percent, the companies said in a statement. Press release

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