Sale of Swedish operation completed
Ice Group has completed the sale of its Swedish business Netett Sverige AB to Teracom Group AB for a purchase price of SEK 180 million.
The sale agreement was announced on 25 February 2019. All necessary conditions for the transaction have been met and the transaction has been completed. For further details, please see the announcement dated 25 February 2019.
“I would like to thank the employees of our Swedish operation for their hard work and dedication to Net1 and Ice Group over the years. Good luck in the next chapter of your careers as part of Teracom Group,” says Eivind Helgaker, CEO of Ice Group.
The funds released from the sale will be utilised to further strengthen Ice Group’s Norwegian operation.
For further information, please contact:
Investors: Henning Karlsrud, CFO of Ice Group, tel: +47 930 45 389
Media: Endre Aaberg Johansen, Corporate Communications AS, tel: +47 416 10 605, email: firstname.lastname@example.org
About Ice Group ASA
Ice Group is a telecommunications company with nationwide networks within each of its territories. In Norway, the company operates a pure 4G mobile network, providing smartphone, m2m, IoT and mobile broadband services to B2C and B2B customers. Its Norwegian business was the fastest growing mobile network operator in Europe in 2017. Ice Group also offers mobile broadband, m2m and IoT services in Denmark through its own network. For more information, see www.icegroup.com.