September 3, 2012 - Assignment

Telenor acquires Ownit

Telenor Sverige has acquired Ownit Holding AB.

Ownit is one of Sweden’s leading independent providers of solutions for broadband, TV and telecommunications, known as “triple-play”, and has 53 employees and 65,000 customers.

Telenor Sweden, part of the Telenor Group, is a supplier of telecommunications, computer and media services. Telenor Sweden includes Bredbandsbolaget and Glocalnet which together have an annual turnover of approximately SEK 11.95 billion (2011) and approximately 2200 employees. The Telenor Group is one of the world’s largest mobile operators with 146 million mobile subscriptions and annual sales of NOK 99 billion (2011). The group has about 30 000 employees and is listed on the Oslo Stock Exchange (TEL).

Telenor Sweden was advised by Mannheimer Swartling in the transaction. The firm’s team primarily included partner Hans Andréasson and associates Ola Axelsson and Gustav Lundin.