Fergie's Tech Blog

Telenor blows $1bn on broadband firms

Tim Richardson writes in The Register:

Telenor has splashed out more than $1bn on two broadband businesses in a bid to bolster the provision of high speed services.

Norway's big telco has forked out SEK6bn ($823m) on Bredbandsbolaget, Sweden's second biggest provider of broadband services with some 335,000 punters.

Telenor also splashed out DKK1.4bn ($237m) on Danish broadband outfit Cybercity. With 90,000 punters and 8 per cent market share, Cybercity's own DSL infrastructure covers more than two thirds of Denmark.

posted by Fergie @ 5/23/2005 08:57:00 AM