M&A Deal Summary

Telio Telecom AS Acquires Bellit AS

On April 28, 2010, Telio Telecom AS acquired internet software and services company Bellit AS

Acquisition Highlights
  • This is Telio Telecom AS’s 1st transaction in the Internet Software and Services sector.
  • This is Telio Telecom AS’s 1st transaction in Norway.

M&A Deal Summary

Date 2010-04-28
Target Bellit AS
Sector Internet Software and Services
Buyer(s) Telio Telecom AS
Deal Type Add-on Acquisition
Advisor(s) EOC Partners LLP (Financial)

Target

Bellit AS

Lysaker, Norway
Bellit As operates as an Internet Protocol (VoIP) services provider.

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Buyer(S) 1

Buyer

Telio Telecom AS

Oslo, Norway

Category Company
Sector Communications
DESCRIPTION

Telio Telecom AS is a Norwegian telecommunications and technology company with three business areas related to development and OEM manufacturing of communications technology and services.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2010 M&A 1 of 1