Telia Company AB Acquires Leading TV-distribution and Internet Services Provider Get TDC Norway
September, 2018 - Oslo, Norway
The deal value was NOK 21 billion (EUR 2.2 bn.) and the transaction leads to the formation of a leading digital challenger in the Norwegian market. Simonsen Vogt Wiig assisted Telia in all aspects of the transaction.
Telia Norway has more than 2.3 million mobile subscriptions in Norway and reported revenues in 2017 of NOK 9.8 billion, while GET TDC Norway reported revenues of NOK 4 billion.
Get is a leading provider of fixed and TV services with more than 500.000 customers connected to its fiber-based network, and more than one million private and business customers using their TV and broadband services on a daily basis. TDC Norway is a B2B telecom operator.
Simonsen Vogt Wiig is proud to have acted as sole legal advisor to Telia Company AB in one of the most significant transactions in Norway this year.
Simonsen Vogt Wiig's core team consisted of Espen Tøndel, Henning Øvrebø, Mathias Teir, Jan Magne Langseth, Halfdan Holte, Torstein Losnedahl and Erik Martinius Klevmo.
The acquisition is pending approval from relevant competition authorities and is expected to be completed in the second half of 2018.
