Norway's Telenor buys fibre operator Enivest for $264 million

Telenor ASA

10/06/2026 09:31

    June 10 (Reuters) - Norwegian telecom operator Telenor
 TEL.OL  said on Wednesday it has agreed to acquire fibre
operator Enivest for 2.5 billion Norwegian crowns ($263.55
million), expanding its broadband footprint in western Norway.
    * The acquisition includes Enivest's fibre network and
approximately 28,000 customers, as well as a 34% stake in
Årdalsnett, which has around 3,000 customers.
    * "We will continue to invest in robust digital
infrastructure in Norway and have clear ambitions to grow within
broadband, including through acquisitions," Telenor CEO
Benedicte Schilbred Fasmer said.
    * In 2025, Enivest reported revenues of about 290 million
crowns and EBITDA of around 130 million, and expects EBITDA
growth of around 12% in 2026.
    * Telenor expects synergies to be realised over time,
including through upselling and cross-selling of its broader
product portfolio.
    * Telenor plans to invest about 150 million crowns over time
in integration and network upgrades.
    * Enivest's top owner was energy group Eviny with 55.8%.

($1 = 9.4859 Norwegian crowns)

 (Reporting by Jagoda Darlak, editing by Terje Solsvik)
 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))