Telenor Fiber Valuation, Funding & Investors

Telenor Fiber is valued at $3.5B as of October 2022.

Last Telenor Fiber valuation

$3.5B

Secondary · Oct 2022

Key investors in Telenor Fiber

  • KKR
  • Oslo Pensjonsforsikring

Telenor Fiber Overview

About Telenor Fiber

Telenor Fiber is a Norwegian infrastructure company building and operating passive optical networks for high-speed broadband delivery. As a subsidiary of Telenor Group established in 2021, it focuses on fiber rollout in underserved regions of Norway, partnering with local municipalities for last-mile connections. The firm manages wholesale access to its dark fiber assets, enabling ISPs to offer gigabit services to homes and businesses. Telenor Fiber's projects include expansions in Trøndelag and Northern Norway, supporting national broadband coverage goals.


Founded

2022

HQ

NorwayOslo

Website

telenor.no

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Valuation

$3.5B (Oct 2022)

Telenor Fiber Valuation

Telenor Fiber is currently valued at $3.5B, based on its secondary sale in October 2022. Read the announcement ↗

The round was led by KKR, with participation from Oslo Pensjonsforsikring.

Telenor Fiber valuation by funding round

Telenor Fiber valuation by funding round
DateStageValuation
Oct 2022Secondary$3.5B

Telenor Fiber Funding History

Telenor Fiber has 1 recorded secondary share sale and no primary funding rounds.

Telenor Fiber funding rounds
DateStageInvestorsValuationDeal Summary
Oct 2022SecondaryKKR (lead); Oslo Pensjonsforsikring$3.5BTelenor announced on October 7, 2022 that it had agreed to sell thirty percent of Telenor Fiber to a consortium led by KKR and including Oslo Pensjonsforsikring. The transaction implied an enterprise value of NOK36.1 billion and was expected to generate approximately NOK10.8 billion of proceeds for Telenor. Those proceeds were payment to the selling shareholder, rather than revenue or primary equity raised by the fibre company. Telenor Fiber held passive infrastructure in Norway, including approximately 130,000 kilometres of cables connecting more than 560,000 homes. The assets were to be transferred into the subsidiary through a demerger before completion. Telenor retained seventy percent ownership and operating control, with Telenor Norge remaining the sole customer and managing retail and wholesale relationships. The business had generated proforma EBITDA of NOK1.7 billion in 2021. KKR invested through its Core Infrastructure strategy to support long-term development of Norwegian fibre infrastructure.

Who has invested in Telenor Fiber?

2 investors have backed Telenor Fiber across its funding rounds, including KKR and Oslo Pensjonsforsikring.

Lead investors include KKR.


Telenor Fiber Investors

Investors in Telenor Fiber by funding rounds participated
InvestorHQRoundsRoleFirst check

This data is available for Pro users. Sign up to see all 2 Telenor Fiber investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Telenor Fiber Competitors

Telenor Fiber competitors include listed companies like Huber+Suhner, Comsys Holdings, HFCL and Axiata Group, and private ones like Cornerstone and XpFibre.

Public and private companies comparable to Telenor Fiber
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Huber+SuhnerSwitzerlandSwitzerlandPublicly listed$1.1B$153M$3.5B2.8x
Comsys HoldingsJapanJapanPublicly listed$4B$403M$3.5B0.8x
HFCLIndiaIndiaPublicly listed$524M$77M$3.4B4.5x
CornerstoneUnited KingdomReadingPrivate$600M$178M$3.3B5.5x
Axiata GroupMalaysiaMalaysiaPublicly listed$2.9B$1.5B$3.8B2.7x
XpFibreFranceParisPrivate--$3.8B-

Telenor Fiber Public Comps

Telenor Fiber is still privately-owned, but its public comps include Huber+Suhner, Comsys Holdings, HFCL, Axiata Group, China Comservice, Sterlite Technologies, Helios Towers, NetLink NBN, IHS Towers and Array Digital Infrastructure.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Huber+Suhner$1.1B$153M3.1x2.8x21.6x18.0x
Comsys Holdings$4B$403M0.8x0.8x7.9x7.6x
HFCL$524M$77M6.7x4.5x45.4x20.1x
Axiata Group$2.9B$1.5B2.8x2.7x5.4x5.7x
China Comservice$23B$798M0.1x0.1x1.8x1.9x
Sterlite Technologies$495M$63M7.9x4.7x62.7x22.2x
Helios Towers$854M$489M5.7x5.2x10.0x9.3x
NetLink NBN$323M$220M10.8x10.8x15.9x15.7x

This data is available for Pro users. Sign up to see all Telenor Fiber competitors and their valuation data.

Start Free Trial

Common questions about Telenor Fiber

When was Telenor Fiber founded?Telenor Fiber was founded in 2022.
Where is Telenor Fiber headquartered?Telenor Fiber is headquartered in Oslo, Norway.
Is Telenor Fiber publicly listed?No, Telenor Fiber is a private, VC-backed company.
What is Telenor Fiber's valuation?Telenor Fiber was last valued at $3.5B in its secondary sale in October 2022.
Who are Telenor Fiber's investors?Telenor Fiber's investors include KKR and Oslo Pensjonsforsikring.
Which companies are comparable to Telenor Fiber?Companies comparable to Telenor Fiber include Huber+Suhner, Comsys Holdings, HFCL, Cornerstone, Axiata Group and XpFibre.

See companies similar to Telenor Fiber

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial