Sale of Kvantel AS successfully completed

Published 29.06.2018 13:19

Oslo, 29 June 2018. With reference to the previously announced sale of all the shares in Kvantel AS (the "Transaction"), NextGenTel Holding ASA (the "Company") hereby confirms that the Transaction today has been successfully completed. Net proceeds from the Transaction will be used to repay the Company's long term bank debt in full, and also to pay outstanding tax debt. The Board of Directors will consider a potential extraordinary dividend in due course.

260,500 customers in total

(Customer figures last updated as per Q2/18)

Norway consumer

Broadband 104,000

VoIP 34,000

TV 18,000

Norway business

Internet 14,000

VoIP 8,000

Mobile 16,000

International markets

Netherlands 55,000

Denmark 9,000

Switzerland 4,000

NextGenTel Holding ASA | Harbitzalleen 2A, 0275 Oslo | Postboks 54 Skøyen, 0212 Oslo | Telephone: (+47) 21 96 49 09 | | Design and development: Byte
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