Telenor Group, a Norwegian telecommunication and technology company, has agreed to acquire a controlling stake in Swedish broadband provider Bahnhof in a deal valuing the company at SEK 6.1 trillion (US$ 640 billion) on an enterprise value basis. The transaction, which is subject to regulatory approvals, will make Telenor Sweden’s second-largest fixed broadband provider. After completing the acquisition, Telenor will launch a mandatory cash offer to Bahnhof’s remaining shareholders.
Telenor will acquire the holdings of Bahnhof founders Jon Karlung and Andreas Norman, who together control 50.8 percent of shares and 86 percent of votes, for SEK 60 (US$ 6.20) per share. Telenor will also buy Öresund Investment’s 6.7 percent stake for SEK 62 (US$ 6.39) per share and Bahnhof reported last-twelve-month revenue of SEK 2.3 trillion (US$ 237 billion), EBITDA of SEK 0.36 trillion (US$ 37 billion) and free cash flow of SEK 0.24 trillion (US$ 24.8 billion) in Q1 2026 as detailed in a press release.
Benedicte Schilbred Fasmer, President and CEO, Telenor Group, said, “Sweden is the largest Nordic market by population and a key strategic priority for us. This transaction gives us the breadth and scale to compete more effectively and create long-term value for customers and shareholders.”
Jon Karlung, CEO, Bahnhof, said, “Over the years, we have built Bahnhof into a customer-focused company with a trusted brand and a clear position in the Swedish market. By joining Telenor, we gain the scale to compete more effectively across both existing and new market segments.”
Schilbred Fasmer, CEO, Telenor, said, “With Bahnhof, we are adding a high-quality business with a strong brand, a proven track record and operational excellence. The transaction represents an important step in delivering on our long-term strategic ambitions and strengthening our Nordic presence.”
The acquisition is expected to close within four to eight months, subject to regulatory approvals. Following completion, Bahnhof will continue operating under its own brand. Telenor claims that the acquisition would increase its consumer broadband market share in Sweden from about 15 percent to about 27 percent.