's Swedish, Norwegian operations bought by US conglomerate

16 Mar 2009

The Norwegian and Swedish businesses of wireless broadband operator Nordisk Mobiltelefon ( have been bought by US group Access Industries, following last month’s announcement that both companies had entered bankruptcy. reports that the US buyer purchased the Norwegian operation in its entirety in late February and has now done the same with its Swedish sister company. The Swedish acquisition is subject to approval by the regulator, the Post and Telecoms Agency (PTS). No financial details were revealed.

Nordisk Mobiltelefon provides wireless broadband services based on CDMA2000 1xEV-DO Rev A technology in Sweden and Norway under the banner, with voice services also available in Sweden. Existing customers enjoy extensive network coverage of rural and urban territory in both Norway and Sweden, with free roaming provided between the two countries. Access Industries says that services will continue uninterrupted. Nordisk Mobiltelefon also has subsidiaries in Denmark, Poland, Ireland and Iceland, the financial plans for which are yet to be decided, but Access Industries reportedly also plans to acquire the Danish business.

Founded in 1986, Access Industries is a privately held, US-based industrial group with long-term holdings worldwide in three main areas, natural resources/chemicals, media/telecoms and real estate.

Norway, Sweden , ice (formerly, Net1 Sweden



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