ABG Sundal Collier acted as financial adviser to Lyse in connection with the acquisition of Ice Group Scandinavia Holding AS

On Friday 18 February 2022, Lyse AS has entered into heads of terms with Ice Group ASA regarding the acquisition by Lyse AS of all shares of Ice Group Scandinavia Holding AS and such additional assets and shares which belong to the business of Ice.
Ice is the third largest mobile operator in Norway with around 700 000 subscribers, while Lyse with its partners operates the largest FTTH-network in Norway with almost 800 000 subscribers.
The transaction values the business of Ice at an enterprise value of MNOK 5,560.
The contemplated acquisition of Ice will establish Lyse as a complete provider of telecom services in Norway, in addition to strengthening the overall telecom infrastructure in Norway.