Add-on Acquisition • Communications

Lyse Acquires Ice Group

On February 18, 2022, Lyse acquired communications company Ice Group for 5.6B NOK

Acquisition Context

This is Lyse’s 1st transaction in the Communications sector.
This is Lyse’s largest (disclosed) transaction.
This is Lyse’s 1st transaction in Norway.

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M&A Deal Summary
Date	February 18, 2022
Target	Ice Group
Sector	Communications
Buyer(s)	Lyse
Deal Type	Add-on Acquisition
Deal Value	5.6B NOK

Target Company

Ice Group

Oslo, Norway

Ice Group is a telecommunications company with nationwide networks in Norway and Denmark. In Norway, the company operates a pure 4G mobile network, providing smartphones, m2m, IoT, and mobile broadband services to B2C and B2B customers. Ice Group also offers mobile broadband, m2m, and IoT services in Denmark through its own network. Ice Group was formed in 2015 and is based in Oslo, Norway.

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Buyer Overview 1

Buyer

Lyse

Stavanger, Norway

Category	Company
Founded	1999
Sector	Renewable Energy

DESCRIPTION

Lyse offer electricity, fibre, electric car chargers, lighting and several other services - all in one place. Lyse was founded in 1999 and is based in Stavanger, Norway.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Communications	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Norway	1 of 1
Year: 2022	1 of 1
Size (of disclosed)	1 of 1

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