EQT VI has agreed to acquire Ventelo from BKK, Troms Kraft, Agder Energi, NTE, Eidsiva Bredbånd and Altibox for an equity value of up to NOK 1 800 million.

Ventelo is Norway's second largest provider of data and telecom solutions, and controls one of the two nationwide fiber networks in Norway. Ventelo expects revenues of NOK 2 600 million in 2011 and an EBITDA of approximately NOK 400 million. The company has approximately 700 employees.

EQT VI's strategy is to significantly strengthen the fiber network offering to Norwegian companies and organizations by creating a strong challenger in the Norwegian data and telecom market. The fund will provide expertise, resources and support for further profitable growth and fiber network expansion.

The transaction is subject to approval from the Norwegian Competition Authority.

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