Tuesday, March 28, 2006

Telenor Now Owns More Than 96% of Glocalnet

A UPI news snippet, via PhysOrg.com, reports that:

Telenor said it now controls 96.6 percent of Swedish broadband provider Glocalnet as the offer period for all outstanding shares in the company expires.

Telenor has been a shareholder in the provider since 2002. The Norwegian telecom group made clear earlier this year that it is seeking full control of Glocalnet.

More here.

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