Telenor ASA to acquire Tiscali AS

Telecomworldwire, August 24, 2004

TELECOMWORLDWIRE-24 August 2004-Telenor ASA to acquire Tiscali AS(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com

Norwegian telecomms group Telenor ASA said on Monday (23 August) that it had entered into an agreement with the Italian Internet services provider Tiscali S.p.a. to acquire its Norwegian operation, Tiscali AS.

Tiscali AS has a total of 45,000 customers, including 18,000 ADSL customers and 27,000 customers with dial-up Internet, according to the company.

The acquisition price was valued at EUR6m.

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