Broadnet

EBITDA: NOK 483 million in 2016
Number of Employees: 360
Sales: NOK 1,638 million in 2016

Broadnet is the largest alternative B2B Datacom provider in Norway and the only national competitor to the incumbent Telenor. The company offers a full range of data communications services across all channels and segments.

Broadnet is a combination of InFiber acquired in 2011 and Ventelo acquired in 2012, and today the Company is the leading fiber-based datacom provider in the Norwegian B2B market (~85% of sales) with ~22% market share. It also serves the B2C market through its brand HomeNet (~15% of sales). The company controls one of two optical nationwide fiber backbone networks in addition to a substantial regional and local network and owns and operates the most granular fiber network in the Greater Oslo metropolitan area. Broadnet offers fibercom services such as VPN, Internet, Ethernet and Dedicated capacity to both end-customers as well as in the wholesale market. The customer base includes some of the largest Norwegian enterprises in addition to other telecom operators and consumers.

To Broadnet

Market trends and drivers

The underlying growth in the Norwegian economy and the fast-growing need for higher data transfer capacity is driving demand for Broadnet's fibercom products.

Investment potential

The investment rational was based upon, among others, the following rationales: firstly, the company being well positioned for future trends in the Datacom market with an expected shift towards fiber-based technology. Secondly, a strong and diversified customer portfolio. Thirdly, to use the combined footprint of Broadnet and InFiber as a platform for fiber expansion to take the position as the leading fibercom provider in the Norwegian B2B market.