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.

270,600 customers in total

(Customer figures last updated as per Q1/18)

Norway consumer

Broadband 104,600

VoIP 36,300

Mobile 2,900

TV 17,600

Norway business

Internet 15,300

VoIP 7,800

Mobile 15,800

International markets

Netherlands 56,700

Denmark 9,200

Switzerland 4,100

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