Ericsson (ERIC) collaborates with Telenor to speed up the development of AI-ML-driven networking solutions.
Fornebu, 16 November 2023 – Telenor has entered into an agreement with Space Norway regarding the sale of its subsidiary Telenor Satellite. Space Norway is a leading player in the Norwegian space industry. The sales price is NOK 2.36 billion on an enterprise value basis. As Space Norway is wholly owned by the Norwegian Government, the transaction is subject to approval by the Norwegian Parliament. Closing of the transaction is expected in January 2024. “For more than 20 years, we have served our
Norwegian telecoms operator Telenor said on Thursday it has agreed to sell its subsidiary Telenor Satellite to government-owned Space Norway for 2.36 billion Norwegian crowns ($217.37 million). "The acquisition ensures that Norway - in a time of increasing geopolitical turmoil - has control over satellites that critical societal functions depend on and that are strategically important to Norway," the Norwegian minister of trade and industry said in a separate statement. Telenor Satellite provides satellites for the European, Middle East and North African (EMEA) market with broadcasting and data communication services.