Brief: Atea Norway Sells Mobile Service Provider Business

Atea ASA

07/04/2022 15:37

April 7 (Reuters) - Atea ASA  ATEA.OL :
    * ATEA NORWAY SELLS MOBILE SERVICE PROVIDER BUSINESS
    * SALE PRICE FOR ATEA MOBIL WAS NOK 72.5 MILLION.
    * AS PART OF AGREEMENT, EIGHT EMPLOYEES WILL BE TRANSFERRED
TO
NORTEL.
    * WILL RECOGNIZE A NET POSITIVE EBIT IMPACT OF NOK 40
MILLION FROM
SALE OF ATEA MOBIL IN Q2 2022,
    * COMPLETION OF SALE IS EXPECTED ON MAY 1 AND IS SUBJECT TO
CUSTOMARY CONDITIONS FOR CLOSING.

Source text for Eikon:  ID:nObilXQ9fa 
Further company coverage:  ATEA.OL 

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