Telenor sees gain in Inmarsat stake sale

Norwegian telecom group Telenor has sold some 21 million shares in satellite network operator Inmarsat, a Nordic Business report said.


The report, quoting a company statement, said Telenor would book a gain of 906.1 million kroner ($137 million) after selling its 4.6% stake in Britain's Inmarsat, the world's leading provider of satellite mobile phone services.


Telenor did not specify when the gain would be booked, the report said.


A spokesman for Telenor said the transaction was carried out by Morgan Stanley and Lehman Brothers, adding that the final holders of the shares were not known, the report said.