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.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.