Haavind acts for Telenor in landmark deal
Haavind was Telenor’s advisor in their agreement with Nordic Entertainment Group (NENT Group).
Haavind was Telenor’s advisor in their agreement with Nordic Entertainment Group (NENT Group).
Telenor Group and Nordic Entertainment Group (NENT Group) have announced the formation of a new company that combines Canal Digital and Viasat Consumer (satellite pay-TV & broadband-TV operations).
Telenor and NENT Group will each hold 50 percent of the new company. The combination generates a Nordic player with combined net sales of approximately NOK 7 billion and around 1.25 million subscribers (Q2 2019).
We are happy and grateful to once again have the privilege of working alongside Telenor on landmark cross border, and pretty complex, deal work. [Kjetil Hardeng, Head of team]
The transaction is subject to regulatory approval, and is expected to be completed during the first half of 2020. For more information see Telenor press release.
