Norvestor VI, L.P. has acquired a majority stake in Phonero AS, a leading Norwegian mobile virtual network operator, to leverage its growth potential in the telecommunications sector.
Target Information
Phonero AS, headquartered in Kristiansand, Norway, is a privately owned mobile virtual network operator (MVNO) that specializes in providing telecommunication services primarily to small and medium-sized businesses. The company has expanded its presence across Norway with regional offices located in Oslo, Stavanger, Bergen, and Trondheim.
Phonero has demonstrated significant growth in recent years, marked by both organic development and strategic acquisitions. Notably, the company acquired the B2B division of Ventelo in 2014, which has allowed it to establish a strong foothold in the Norwegian telecommunications market catering to both private and public sector clients.
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Industry Overview
The Norwegian telecommunications industry has become increasingly competitive, with various players vying for market share in a rapidly evolving sector. The de
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Norvestor VI, L.P.
invested in
Phonero AS
in 2015
in a Management Buyout / Buy-In (MBO) deal
Disclosed details
Revenue: $118M