Telenor Sverige AB, a Swedish telecommunications provider, has completed the acquisition of a controlling stake in Swedish telecommunications operator Bahnhof AB and made an unconditional, mandatory offer of SEK 62 (US$ 6.21) per share to the remaining shareholders, for a total consideration of SEK 834 million (US$ 83.58 million).
Telenor said in a press release it had acquired all shares held by Jon Karlung, Andreas Norman and their wholly owned company K.N. Telecom AB, as well as shares held by Investment AB Öresund. This amounted to a total of 57.5 percent of the shares and 87.9 percent of the votes in Bahnhof. The offer is not subject to any conditions.
“Bahnhof has built a strong position in fiber broadband, data centers and secure digital infrastructure, with a trusted brand and a strong commitment to privacy. Building on that position requires greater scale and more resources, and we are confident that Telenor is the right home to bring both. Together, we can offer a wider range of services and build a more resilient digital infrastructure, while preserving everything that makes Bahnhof unique,” said Jonas Edén, Telenor Sverige AB Chief Executive officer.
Bahnhof’s assets include network infrastructure, access to open networks and five colocation data centers. Telenor stated that Bahnhof would continue to operate under its own brand. It added that Jon Karlung and Andreas Norman will continue to be employed by the company after the transaction.
Telenor has set an acceptance deadline between November 9 and December 7, 2026. If all goes well, the settlement is expected to happen on December 14, 2026.
The Swedish Competition Authority approved Telenor’s acquisition on November 2, 2026. The company said at the time that bringing Bahnhof under its roof would strengthen its position in the market while also giving customers access to increased investment capacity, broader offers, and continued focus on security, resilience, and innovation.
“Our ambition is to build on what made Bahnhof successful. We see great opportunities in the combination of Bahnhof’s entrepreneurship and innovative power and Telenor’s size, resources and long-term perspective. I look forward to the next step,” Edén said earlier this month.
Bahnhof was founded in 1994 and has since built a strong and profitable fixed broadband business in Sweden. The company has more than half a million consumer customers and approximately 15,000 enterprise customers. Telenor, meanwhile, boasts 99.9 percent mobile network coverage of the Swedish population, 3.1 million mobile subscription customers, 614,000 fiber and broadband customers, and 430,000 TV customers. Telenor reported turnover of SEK 12.5 billion (US$ 1.25 billion) in 2025.