Telenor Fiber Revenue, Valuation, Funding & Investors

Telenor Fiber is valued at $3.5B as of October 2022, a 3.3x multiple on its last reported $1.1B revenue.

Last Telenor Fiber valuation

$3.5B

Secondary · Oct 2022

Telenor Fiber revenue

$1.1B

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

Revenue

$1.1B (Oct 2022)

Valuation

$3.5B (Oct 2022)

Telenor Fiber Valuation

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

The $1B round was led by KKR, with participation from Oslo Pensjonsforsikring.

Telenor Fiber valuation by funding round

Telenor Fiber valuation by funding round
DateStageValuationRevenue Multiple
Oct 2022Secondary$3.5B3.3x

Telenor Fiber Revenue

Telenor Fiber's latest recorded revenue is $1.1B, as of its secondary sale in October 2022. At a $3.5B valuation, that implies a 3.3x revenue multiple.

Telenor Fiber revenue by funding round

Telenor Fiber revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2022$1.1B$3.5B3.3xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Telenor Fiber Funding History

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

Telenor Fiber funding rounds

Telenor Fiber funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2022SecondaryKKR (lead); Oslo Pensjonsforsikring$1B$3.5BTelenor Fiber AS is a subsidiary of Telenor that owns passive fiber infrastructure assets in Norway, including 130,000 km of cables connecting over 560,000 homes. On October 7, 2022, Telenor agreed to sell a 30% stake in Telenor Fiber to a consortium led by KKR through its Core Infrastructure strategy, with Oslo Pensjonsforsikring as co-investor. The transaction valued the company at an enterprise value of NOK 36.1 billion, with proceeds to Telenor of NOK 10.8 billion. The fiber assets were transferred from Telenor Norway to the newly established Telenor Fiber AS via a demerger prior to deal completion. Telenor retained operational control, with Telenor Norge continuing as the sole customer and handling all customer relations, including wholesale. The deal closed in February 2023 and did not impact regulatory obligations or customer service. At the time, Telenor Fiber reported revenue of approximately NOK 10.8 billion and proforma EBITDA of NOK 1.7 billion in 2021. This transaction supported Telenor's strategy to attract long-term capital for telecom infrastructure investments while maintaining majority ownership.

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

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Telenor Fiber Competitors

Telenor Fiber competitors include listed companies like China Comservice, HFCL, Axiata Group and Huber+Suhner, and private ones like Cornerstone and Digital InfraCo.

Public and private companies comparable to Telenor Fiber
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
China ComserviceChinaChinaPublicly listed$22B$793M$3.6B0.1x
HFCLIndiaIndiaPublicly listed$514M$76M$3.3B5.9x
CornerstoneUnited KingdomReadingPrivate$600M$178M$3.3B5.5x
Axiata GroupMalaysiaMalaysiaPublicly listed$2.9B$1.5B$3.8B2.8x
Huber+SuhnerSwitzerlandSwitzerlandPublicly listed$1.1B$153M$3.9B3.1x
Digital InfraCoSingaporeSingaporePrivate--$4.3B-

Telenor Fiber Public Comps

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

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
China Comservice$22B$793M0.1x0.1x2.4x2.5x
HFCL$514M$76M6.9x5.9x46.7x31.3x
Axiata Group$2.9B$1.5B2.8x2.8x5.4x5.7x
Huber+Suhner$1.1B$153M3.5x3.1x24.1x20.2x
Array Digital Infrastructure$163M-24.4x20.1x--
DigitalBridge Group$71M$30M54.5x41.4x129.6x-
Comsys Holdings$4.1B$410M0.9x0.9x9.2x9.1x
NetLink NBN$324M$221M10.9x10.8x15.9x15.8x

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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.
What is Telenor Fiber's revenue?Telenor Fiber's latest recorded revenue is $1.1B (October 2022).
What is Telenor Fiber's revenue multiple?Telenor Fiber's latest valuation implies a 3.3x revenue multiple ($3.5B valuation on $1.1B of revenue).
Which companies are comparable to Telenor Fiber?Companies comparable to Telenor Fiber include China Comservice, HFCL, Cornerstone, Axiata Group, Huber+Suhner and Digital InfraCo.

See companies similar to Telenor Fiber

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