MarketPulse

IoT services

2 articles
GlobeNewswire Inc.GlobeNewswire Inc.··Na

Telenor Offloads IoT Unit to Verdane in $700M+ Restructuring Deal

Telenor partners with Verdane to restructure Telenor Connexion, valued at 7.5 billion SEK, reducing stake to minority position with strategic growth capital injection.
TELNYstrategic partnershipglobal expansion
GlobeNewswire Inc.GlobeNewswire Inc.··Na

Telenor Sells Half of IoT Unit to Verdane in €715M Deal, Targets Global Expansion

Telenor partners with growth investor Verdane in 50/50 joint venture of Telenor Connexion, valued at SEK 7.5 billion, with both parties investing SEK 2 billion for global IoT scaling.
TELNYdivestmentstrategic partnership