Investing.com -- Norwegian telecom operator Telenor said on Wednesday it agreed to buy fibre operator Enivest for 2.5 billion Norwegian crowns ($263.55 million) to expand its broadband presence in western Norway.
The deal includes Enivest’s fibre network and around 28,000 customers, plus a 34% stake in Årdalsnett, which serves about 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.
Enivest reported revenues of about 290 million crowns and EBITDA of around 130 million in 2025. The company expects EBITDA growth of around 12% in 2026.
Telenor said it expects to realize synergies over time through upselling and cross-selling of its broader product portfolio. The company plans to invest about 150 million crowns over time in integration and network upgrades.
Energy group Eviny was Enivest’s largest owner with a 55.8% stake.
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