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Norwegian Competition Authority approves Telenor's NOK 6B acquisition of GlobalConnect's consumer fibre business.

Company Fundamentals
08 Jun 2026
Na
View Source
Bullish
pluang ai news

The Norwegian Competition Authority has approved Telenor's acquisition of GlobalConnect's Norwegian fibre business for residential customers, valued at NOK 6 billion. The deal will add approximately 125,000 fibre customers to Telenor, increasing its consumer fibre market share from 22% to 29%. Approval comes with conditions requiring divestments and open access to the fibre network to maintain competition. The transaction is expected to complete in autumn 2026, with a gradual migration of customers to Telenor's platform while maintaining current services during the transition.

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