Telenor Group sells Telenor Satellite to Space Norway
Fornebu, 16 November 2023 – Telenor has entered into an agreement with Space Norway regardingthe sale of its subsidiary Telenor Satellite. Space Norway is a leading player in the Norwegian space industry.
The sales price is NOK 2.36 billion on an enterprise value basis. As Space Norway is wholly owned by the Norwegian Government, the transaction is subject to approval by the Norwegian Parliament. Closing of the transaction is expected in January 2024.
“For more than 20 years, we have served our customers with premium, high-quality broadcasting and data services via satellite. Now the time has come for a new era for Telenor Satellite. With Space Norway, Telenor Satellite will have an industrial owner who has the right competence and who will prioritise the required financial resources to realise the company’s potential. We are proud of what we have achieved together and look forward to following the company’s future development”, says Dan Ouchterlony, EVP and Head of Telenor Amp,
Dag H. Stølan, CEO at Space Norway, adds:
“Satellite-based capabilities are more important than ever. The combination of Space Norway’s partly governmental customers and Telenor Satellite’s commercial customer base will give the new company a strong platform to grow the business in both sectors. We are very excited to enter into this agreement and look forward to contributing to the long-term development of Telenor Satellite”.
Telenor and Space Norway have already signed a letter of intent outlining a strategic partnership and possible joint business development initiatives, in particular regarding additional satellite capacity and satellite consulting services.
"The government will propose to the Parliament that Space Norway be provided with capital to finance the acquisition of Telenor Satellite. The acquisition will contribute to the establishment of a major Norwegian satellite operator, which, together with a growing Norwegian space industry, can strengthen Norway as a space nation. At the same time, the acquisition ensures that Norway, in a time of increasing geopolitical unrest, maintains control over satellites crucial for critical societal functions and strategically important for the country," says the Norwegian Minister of Trade and Industry, Jan Christian Vestre.
Telenor Satellite is a European satellite operator that covers the European, Middle East and North African (EMEA) market with broadcasting and data communication services. The company serves millions of homes with TV services, and nearly 2,000 vessels and 600 land terminals with data connectivity. During the first three quarters of 2023, Telenor Satellite generated revenues of NOK 707m, EBITDA of NOK 504m and EBIT of NOK 284m.
Space Norway manages and develops strategic space capabilities. The company is 100% owned by the Norwegian Ministry of Trade, Industry and Fisheries and represents a key part of the Norwegian Government’s activities and assets in the space sector. Space Norway’s activities range from small satellites in Low Earth Orbits to large satellites and ground infrastructure.
David Fidjeland, Director Media Relations, Telenor Group
+47 93 46 72 24 | email@example.com
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Canada Carbon Provides Update on Its Asbury Mine Exploration Program1.12.2023 04:04:42 CET | Press release
TORONTO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company" or "Canada Carbon” or ("CCB"), (TSX-V:CCB), (FF:U7N1) is pleased to report that extensive graphitic mineralization was observed during its ongoing drill program on the Asbury Property (“the Property”). The Company would like to take this opportunity to provide a general update regarding the exploration program on the Property. Current exploration work includes drilling, completion of an NI 43-101 compliant resource calculation, metallurgical testing and development of a geochemical signature. The information provided from the exploration work will allow the Company to proceed with a Preliminary Economic Study to be completed in 2024. Drill Program Phase 1 of the drill program commenced on October 16th, and will be completed on November 30th 2023. The current drill program is testing a folded conductor anomaly, located on the North Eastern side of a regional magnetic anomaly. The drilled area is mostly located
Delårsrapport januari – september 202330.11.2023 23:59:00 CET | Pressemelding
Tredje kvartalet 2023 (jämfört med tredje kvartalet 2022) Nettoomsättningen uppgick till 8 MSEK (24)Bruttomarginalen ökade till 67 % (35 %)Rörelseresultatet ökade till 128 MSEK (-14)Periodens nettoresultat blev 122 MSEK (-4)Resultat per aktie före och efter utspädning ökade till 0,45 SEK (-0,05) Januari – september 2023 (jämfört med januari – september 2022) Nettoomsättningen uppgick till 30 MSEK (61)Bruttomarginalen ökade till 66 % (63 %)Rörelseresultatet ökade till 98 MSEK (-37)Nettoresultatet blev positivt och uppgick till 99 MSEK (-9)Resultat per aktie före och efter utspädning uppgick till 0,42 SEK (-0,17) Rapporten för januari – september 2023 i sin helhet finns tillgänglig på följande adress: https://www.anoto.com/investors/reports/ För ytterligare information kontakta: Joonhee Won, VD, Anoto Group AB För mer information om Anoto, besök www.anoto.com eller email firstname.lastname@example.org Denna information är sådan information som Anoto Group AB (publ) är skyldigt att offentliggöra enligt EU:
Interim Report January – September 202330.11.2023 23:59:00 CET | Press release
Third quarter 2023 (compared to third quarter 2022) Net sales for the quarter amounted to MSEK 8 (24)Gross margin for the quarter increased to 67% (35%)Operating profit increased to MSEK 128 (-14)Net income for the period turned to profit of MSEK 122 (-4)Earnings per share before and after dilution increased to SEK 0.45 (-0.05) January – September 2023 (compared to January – September 2022) Net sales for the period amounted to MSEK 30 (61)Gross margin for the period increased to 66% (63%)Operating profits increased to MSEK 98 (-37)Net income became positive at MSEK 99 (-9)Earnings per share before and after dilution increased to SEK 0.42 (-0.17) The report for January – September 2023 is available in its entirety on the following address: https://www.anoto.com/investors/reports/ For further information, please contact: Joonhee Won, CEO, Anoto Group AB For more information about Anoto, please visit www.anoto.com or email email@example.com This information is information that Anoto Group AB (
Tenaris Completes Acquisition of Pipe Coating Business Unit of Mattr30.11.2023 23:06:23 CET | Press release
LUXEMBOURG, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) announced that it has completed today the acquisition from Mattr (MATR.TO) of Mattr’s pipe coating business unit for US$182.6 million (including estimated working capital and US$16.9 million in cash). The business acquired includes nine plants located in Canada, Mexico, Norway, Indonesia, the UAE and the US, and several mobile concrete plants. The business also includes world-class R&D facilities in Canada and Norway and a wide IP/product portfolio. Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices a
Constellation Brands to Report Third Quarter Fiscal 2024 Financial Results; Host Conference Call January 5, 202430.11.2023 22:30:18 CET | Press release
VICTOR, N.Y., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its third quarter ended November 30, 2023, on Friday, January 5, 2024, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. ET, January 5, 2024. The conference call can be accessed by dialing +1-877-407-9121 and entering conference identification number 13742927, beginning at 10:20 a.m. ET. A live, listen-only webcast of the conference call will be available on the company’s investor relations website at ir.cbrands.com under the News & Events section. When the call begins, financial information discussed on the conference call, and reconciliations of reported GAAP financial measures with comparable and other