Lyse has partnered with HitecVision, granting the latter a 50 percent stake in Altibox Carrier to establish a leading Nordic fiber infrastructure platform for the data center industry.

Target Information

Altibox Carrier is a fiber infrastructure company that owns and operates essential fiber routes connecting Norway to Europe. Notable among its assets are the subsea cables NO-UK and Skagenfiber, along with terrestrial infrastructure that spans from Oslo to Stavanger. The company primarily serves a robust customer base consisting of leading global players in the data center and cloud services sectors.

The strategic acquisition by HitecVision involves a 50 percent stake in what is currently a wholly owned subsidiary of Lyse. This joint venture aims to harness both financial resources and industrial expertise, significantly enhancing Altibox Carrier's capacity to pursue an ambitious growth agenda in the Nordic fiber infrastructure market.

Industry Overview

The Nordic region is characterized by its rapid advancements in digital infrastructure and a rising demand for high-speed internet connectivity, primarily driven by the growing data traffic associated with clou