Telenor ASATELNFTELNY agreed to divest a minority stake in its Norway fiber assets to a consortium led by KKR & Co IncKKR and Oslo Pensjonsforsikring for 10.8 billion kroner ($1 billion).
The deal is part of a strategy by Norway’s biggest telecommunications company to highlight the value of its infrastructure and free up capital to lay down more fiber in the country, Bloomberg reports.
The price represents an enterprise value for the Norwegian fiber business of 36.1 billion kroner.
