Exploring Cardano: Inner Workings and Advantages of this Cryptocurrency
Seville.- Economy.- Innova.- STSA inaugurates its new painting and sealing hangar in San Pablo, for 18 million
Innova.- More than 300 volunteers join the Andalucía Compromiso Digital network in one month to facilitate access to ICT
Innova.-AMP.- Ayesa acquires 51% of Sadiel, which will create new technological engineering products and expand markets
Real Madrid saves a draw in Munich and will appeal again to the Bernabéu
The Congress of Argentina approves the omnibus law that allows the privatization of some public companies
Marjane Satrapi, Princess of Asturias Award: "I am angry with Borrell, if I had him in front of me I would slap him"
Judge fines Trump $9,000 for contempt of court and considers sending him to prison during trial
How Blockchain in being used to shape the future
Not just BTC and ETH: Here Are Some More Interesting Coins Worth Focusing on
Valencia unanimously approves the ordinance to allocate spaces to test innovative initiatives
UPV researchers promote a paid master's degree as a "talent factory" in integrated photonics
A spin-off of the UV works on obtaining high-resolution 3D biomedical images in real time
They create a bank of machinery sounds to prevent breakdowns through artificial intelligence
A million people demonstrate in France against Macron's pension reform
Russia launches several missiles against "critical infrastructure" in the city of Zaporizhia
A "procession" remembers the dead of the Calabria shipwreck as bodies continue to wash up on the shore
Prison sentences handed down for three prominent Hong Kong pro-democracy activists
ETH continues to leave trading platforms, Ethereum balance on exchanges lowest in 3 years
Investors invest $450 million in Consensys, Ethereum incubator now valued at $7 billion
Alchemy Integrates Ethereum L2 Product Starknet to Enhance Web3 Scalability at a Price 100x Lower Than L1 Fees
Mining Report: Bitcoin's Electricity Consumption Declines by 25% in Q1 2022
Oil-to-Bitcoin Mining Firm Crusoe Energy Systems Raised $505 Million
Microbt reveals the latest Bitcoin mining rigs -- Machines produce up to 126 TH/s with custom 5nm chip design
Bitcoin's Mining Difficulty Hits a Lifetime High, With More Than 90% of BTC Supply Issued
The Biggest Movers are Near, EOS, and RUNE during Friday's Selloff
Global Markets Spooked by a Hawkish Fed and Covid, Stocks and Crypto Gain After Musk Buys Twitter
Bitso to offset carbon emissions from the Trading Platform's ERC20, ETH, and BTC Transactions
Draftkings Announces 2022 College Hoops NFT Selection for March Madness
MADRID, 7 Oct. (EUROPA PRESS) -
The Scandinavian telecommunications operator Telenor has reached an agreement to sell 30% of its fiber business in Norway, Telenor Fiber, to a consortium led by KKR and in which Oslo Pensjonsforsikring also participates, in exchange for around 10.8 billion crowns Norway (1,034 million euros).
The agreed sale price values Telenor's entire fiber business in Norway at 36,100 million Norwegian crowns (3,456 million euros), according to the operator, who will retain ownership of 70% of the company. The transaction is expected to be completed in early 2023.
"This transaction highlights the value of our infrastructure and unlocks capital to support the continued deployment of fiber in Norway," said Tone Hegland Bachke, Executive Vice President and Chief Financial Officer of Telenor, adding that the company will propose that part of the proceeds be used to the repurchase of shares.
"KKR has significant experience in investing in telecommunications infrastructure, and we look forward to supporting Telenor with its fiber strategy in Norway," said Julian Barratt-Due, director of European infrastructure for KKR.
