Telenor Acquires 54 per cent stake in DNA
Telenor indicated at the time it expected to seal the transaction in Q3 of this year. The Norwegian operator agreed to a deal to pay €20.90 per share in cash for the stake, totalling €1.5 billion. As previously announced, Telenor added that the completion of the deal will trigger a mandatory public tender offer for the remaining shares in DNA by Telenor, priced the same as it paid Finda and PHP. Telenor CFO Jorgen Arentz Rostrup added. Telenor president and CEO Sigve Brekke said it was pleased to have completed the transaction and He added DNA is Finland’s third-largest mobile operator, second biggest fixed provider and the market’s leading cable-TV player.
