M&A Deal Summary

Broadnet Acquires Lynet Internett AS

On May 4, 2016, Broadnet acquired communications company Lynet Internett AS for 50M NOK

Acquisition Highlights
  • This is Broadnet’s 2nd transaction in the Communications sector.
  • This is Broadnet’s largest (disclosed) transaction.
  • This is Broadnet’s 2nd transaction in Norway.

M&A Deal Summary
Date 2016-05-04
Target Lynet Internett AS
Sector Communications
Buyer(s) Broadnet
Deal Type Add-on Acquisition
Deal Value 50M NOK

Target

Lynet Internett AS

Oslo, Norway
Lynet Internett AS is a provider of fiber based data communication for businesses. Lynet Internett is headquartered in Oslo, Noway.

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Buyer(S) 1

Buyer

Broadnet

Fornebu, Norway
Category Company
Founded 2003
Sector Communications
Employees570
Revenue 2.2B NOK (2012)
DESCRIPTION

Broadnet is the largest alternative datacom provider in Norway. The company controls one of two optical fiber networks in Norway in addition to a substantial regional and local network. The group consists of two brands: Broadnet, serving the business and wholesale market, and HomeNet, serving the consumer market. Broadnet was founded in 2003 and is based in Fornebu, Norway.

DEAL STATS #
Overall 2 of 3
Sector (Communications) 2 of 3
Type (Add-on Acquisition) 2 of 3
Country (Norway) 2 of 3
Year (2016) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Powertech Information Systems AS

Fornebu, Norway

Powertech Information Systems AS is a broadband service provider. Powertech Information Systems AS was established in 1993 and is headquartered in Fornebu, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-27 Xfiber AS

Stavanger, Norway

Xfiber AS is a broadband and data communication services provider. Xfiber was established in 1995 and is headquartered in Stavanger, Norway.

Buy -
Mergr

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