Telia Company has agreed to acquire TDC Norway in a $2.6 billion deal.
Telia Company will combine its mobile network with GET’s supreme TV and fixed services to create a strong challenger on the Norwegian market with converged customer offerings.
The Danish operator TDC’s Norwegian business encompasses GET, a leading provider of fixed and TV services, with a total of 518,000 households and businesses connected to its fiber-based network, and more than 1 million private and business customers who use the TV and broadband services on a daily basis. TDC’s B2B business in Norway is also part of the transaction which paired with Telia’s enterprise business will enable converged offerings to B2B-customers.
The acquisition will strengthen Telia Company’s position on the Norwegian market and will position the company as a strong challenger in mobile, TV and broadband. In 2017, Get and TDC Norway reported revenues of NOK4 billion and EBITDA of NOK1.7 billion.