Atea Norway has entered an agreement to sell Atea Mobil, its mobile service provider business, to Nortel AS. The sale price for Atea Mobil was NOK 72.5 million. As part of the agreement, eight employees will be transferred to Nortel.
Atea Norway will recognize a net positive EBIT impact of NOK 40 million from the sale of Atea Mobil in Q2 2022, after provisions for seller's guarantees and other liability provisions in Atea Norway.
"The combination of Nortel and Atea Mobil will create an even more powerful challenger to the leading mobile service providers in the corporate market," commented Steinar Sønsteby, Atea Group CEO. "This is good news for all of our mobile customers, and for all other Norwegian companies. We are confident that this will be a very good solution for both customers and Atea employees who will join Nortel."
Completion of the sale is expected on May 1 and is subject to customary conditions for closing.
For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188
About Atea
Atea is the leading supplier of IT infrastructure in the Nordic and Baltic regions. Atea is present in 85 cities with over 7,500 employees in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers hardware and software from leading global vendors, and provides consulting and technical services to support its customers with the design, implementation and operation of their IT environments. Atea had revenue of approximately NOK 41 billion (EUR 4.1 billion) in 2021 and is listed on Oslo Stock Exchange. www.atea.com