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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$3.5B (Oct 2022)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Oct 2022 | Secondary | $3.5B |
Telenor Fiber Funding History
Telenor Fiber has 1 recorded secondary share sale and no primary funding rounds.
| Date | Stage | Investors | Valuation | Deal Summary |
|---|---|---|---|---|
| Oct 2022 | Secondary | KKR (lead); Oslo Pensjonsforsikring | $3.5B | Telenor 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
| Investor | HQ | Rounds | Role | First 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 TrialTelenor Fiber Competitors
Telenor Fiber competitors include listed companies like Huber+Suhner, Comsys Holdings, HFCL and Axiata Group, and private ones like Cornerstone and XpFibre.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.1B | $153M | $3.5B | 2.8x | ||
| Publicly listed | $4B | $403M | $3.5B | 0.8x | ||
| Publicly listed | $524M | $77M | $3.4B | 4.5x | ||
| Private | $600M | $178M | $3.3B | 5.5x | ||
| Publicly listed | $2.9B | $1.5B | $3.8B | 2.7x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $153M | 3.1x | 2.8x | 21.6x | 18.0x | |||
| $4B | $403M | 0.8x | 0.8x | 7.9x | 7.6x | |||
| $524M | $77M | 6.7x | 4.5x | 45.4x | 20.1x | |||
| $2.9B | $1.5B | 2.8x | 2.7x | 5.4x | 5.7x | |||
| $23B | $798M | 0.1x | 0.1x | 1.8x | 1.9x | |||
| $495M | $63M | 7.9x | 4.7x | 62.7x | 22.2x | |||
| $854M | $489M | 5.7x | 5.2x | 10.0x | 9.3x | |||
| $323M | $220M | 10.8x | 10.8x | 15.9x | 15.7x | |||
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
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