Telenor Group has agreed to acquire a controlling stake in Bahnhof in a transaction valuing the company at SEK 6.1 billion

Recent work|July 10, 2026

Telenor Group has agreed to acquire the shares held by Bahnhof’s founders and major shareholders, Jon Karlung and Andreas Norman, as well as the shares held by Öresund Investment.

On a weighted share price basis, the transaction values Bahnhof at SEK 6.1 billion based on enterprise value. Following completion of the acquisitions, Telenor will become the controlling shareholder in Bahnhof and intends, within four weeks of completion, to launch a mandatory cash offer to the remaining shareholders of Bahnhof at SEK 62 per share. The transaction is subject to regulatory approvals.

Founded in 1994, Bahnhof has built a strong and profitable fixed broadband business in Sweden, serving more than 500,000 consumer customers and approximately 15,000 enterprise customers. Bahnhof’s assets include proprietary network infrastructure, access to open networks and five colocation data centres. 

Roschier has advised Bahnhof and the independent board of directors of Bahnhof in connection with the transaction.

Roschier’s core advisory team comprises Jens Bengtsson, Ola Sandersson, Kristian Hugmark, Pontus Kittel Berganäs, Jacob Giesecke, Lisa Person, Love Löfvenhaft, and Simon Tell.