Telenor acquires fiber operator Enivest for NOK 2.5 billion
2026-06-11 11:34
Favorite

en.Wedoany.com Reported - Telenor and Vodafone have recently executed multiple fiber network asset transactions in Europe, expanding broadband scale through integration and joint venture models to optimize network utilization and prepare for future edge artificial intelligence traffic.

251762850_l Telenor Vodafone fiber

Telenor has agreed to acquire Enivest, a fiber operator in western Norway, for NOK 2.5 billion (approximately USD 264 million). The transaction includes Enivest's fiber network and 28,000 customers, as well as its 34% stake in regional service provider Årdalsnett (which has 3,000 customers). Enivest employs 50 people, generated revenue of NOK 290 million (approximately USD 30 million) in 2025, with EBITDA of NOK 130 million (USD 14 million), and is expected to achieve 12% EBITDA growth in 2026. Telenor CEO Benedicte Schilbred Fasmer stated that the company's strategy is to invest in robust digital infrastructure and achieve broadband business growth through acquisitions. Telenor expects to invest NOK 150 million (approximately USD 16 million) in integration and network upgrades, while realizing synergies through upselling and cross-selling.

Vodafone Greece has signed a letter of intent with Greece's largest electricity company, Public Power Corporation (PPC), to form a 50/50 joint venture that will merge their fiber-to-the-home networks and wholesale fiber businesses. The combined fiber operations cover over 1.6 million households, and the joint venture will provide wholesale access to service providers in Greece. Due diligence, final agreement signing, and regulatory approvals are still pending. PPC's wholesale FTTH division, PPC FiberGrid, ranks second in the Greek broadband market, covering approximately 1.9 million households, leveraging its parent company's power grid infrastructure for rapid expansion. Vodafone ranks third or fourth in Greece, with approximately 360,000 commercial FTTH lines.

According to media reports, Vodafone has submitted a late-stage acquisition offer for the consumer business of UK broadband service provider TalkTalk. The business has approximately 1.75 million customers and is reportedly valued at between GBP 200 million and GBP 300 million. Vodafone is one of several groups that submitted second-round bids last week, and the transaction is still progressing. If successful, the acquisition would eliminate the need for investment in ducts and cabling, aligning with its asset-light strategy in a saturated market.

These transactions reflect a broader trend among European telecom operators shifting toward wholesale platforms and joint investment models following large-scale fiber deployment. By minimizing network overlap and maximizing utilization, telecom operators are improving fiber economics and building higher-utilization transport layers for future distributed edge computing and AI inference networks.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com