ABG Sundal Collier acted as the facilitator in a transaction bringing Unifon and Nortel together and has arranged the debt financing of the contemplated cash offer on Nortel

On Thursday 6 July 2023, it was announced that Unifon Holding AS has entered into a conditional sales agreement with around 70% of the shares in Nortel AS and that Unifon contemplates launching a voluntary cash offer to acquire all remaining outstanding shares in Nortel.
Unifon and Nortel are both founder-led and are the two leading MVNOs in the Norwegian B2B mobile market. Post acquisition the combined company will have close to 150 000 mobile subscribers and targets revenues well above NOK 600 million in 2023.
ABG Sundal Collier facilitated the contact between the parties and designed the transaction structure and rationale for the combination. In addition we arranged the debt financing of the contemplated cash offer on Nortel.
The offer values the equity in Nortel to around NOK 520 million.