At what enterprise value was ENIVEST acquired in 2026?

During the acquisition of ENIVEST by TELENOR in 2026, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b NOK. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ENIVEST when it was acquired by TELENOR?

The estimated EV/EBITDA multiple for ENIVEST is in the range of 15x - 25x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was ENIVEST acquired by TELENOR?

ENIVEST was acquired by TELENOR in 2026.

What was the revenue of ENIVEST at the time of the deal?

The revenue of ENIVEST at the time of the deal is estimated to be in the range of 250M - 500M NOK. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ENIVEST during the acquisition?

ENIVEST's EBITDA is estimated to be in the range of 100M - 200M NOK. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ENIVEST acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ENIVEST deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.telenor.com/media/newsroom/press-releases/telenor-acquires-enivest-in-western-norway/

← DATABASE

Home Database TMT (Tech, Media, Telecom)ENIVEST

06/2026

ENIVEST acquired by TELENOR

NORWAY Telecom / Operators EV 1b - 4b NOK

Context

Telenor has entered into an agreement to acquire Enivest, a leading fiber optic operator in western Norway. The transaction encompasses Enivest's entire fiber business, including its telecommunications network, approximately 28,000 customers, and a 34% stake in Årdalsnett, a regional operator serving nearly 3,000 additional customers. This acquisition is part of Telenor's strategy to consolidate the Norwegian broadband market. The company believes that increasing the scale of operators is crucial to ensuring the resilience of digital infrastructure, optimizing investments, and maintaining high-performance services in a market that remains largely fragmented. For Telenor, the acquisition significantly strengthens its presence in western Norway, a region considered particularly attractive for digital infrastructure development. The company plans to leverage Enivest's strong local roots while offering its customers an expanded range of services, including cybersecurity solutions, digital entertainment, and other value-added services. Enivest will continue to operate under its own brand and retain its current management team to ensure operational continuity and preserve existing relationships with local communities and regional customers. Telenor also plans to invest approximately NOK 150 million in integration efforts and network infrastructure upgrades. This investment will enable the company to enhance its services and further solidify its position in the Norwegian market.

ENIVEST, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Established in 2001 and headquartered in Førde, Enivest is a leading fiber optic operator in western Norway. The company provides high-speed connectivity services to individuals, businesses, and local authorities across a significant portion of the Vestlandet region. Over the years, Enivest has developed a cutting-edge digital infrastructure, enabling it to serve both urban and rural areas, thereby contributing to the reduction of the digital divide in a region characterized by complex geography. Enivest operates an extensive fiber optic network spanning several strategic territories in western Norway and leverages its strong local presence to ensure the deployment, operation, and maintenance of its infrastructure. Its business model is centered on delivering ultra-high-speed internet services, as well as tailored connectivity solutions that cater to the needs of individuals, businesses, and public institutions.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (NOK)

Year

Rev

EBITDA

EBIT

2025

2024

Similar deals in TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
05/2026	VODAFONE GROUP	VODAFONETHREE	UNITED KINGDOM	Telecom	Vodafone Group Plc has moved to take full ownership of its UK joint venture, VodafoneThree, by acquiring the remaining stake from its partner, Hong Kong-based conglomerate CK Hutchison. This transaction gives Vodafone complete control over the UK's largest mobile operator, transitioning the business from a joint venture structure to a wholly-owned subsidiary
05/2026	GCI	QUINTILLION	UNITED STATES	Telecom	GCI Holdings, LLC has entered into a definitive agreement to acquire Quintillion in a transaction designed to significantly enhance Alaska's telecommunications infrastructure. The strategic combination merges Quintillion's unique subsea and terrestrial fiber network with GCI's extensive statewide network and operational capabilities
02/2026	LIBERTY GLOBAL	VODAFONE ZIGGO	NETHERLANDS	Telecom	Liberty Global is acquiring the remaining 50% stake in VodafoneZiggo from Vodafone Group Plc. This transaction was initiated to consolidate the target's ownership and facilitate its subsequent merger with a Belgian telecommunications subsidiary to form a unified Benelux entity
01/2026	CVC	CELESTE	FRANCE	Telecom	CVC DIF (formerly DIF Capital Partners) has entered into exclusive negotiations to acquire a majority stake in Celeste from InfraVia Capital Partners, a maneuver designed to fundamentally accelerate the group’s transformation into a leading European integrated digital infrastructure provider
12/2025	HANSEN TECHNOLOGIES	DIGITALK GROUP	UNITED KINGDOM	Telecom	Hansen Technologies Limited has successfully completed the 100% acquisition of Digitalk Group Holdings Ltd. The transaction was structured as a full buyout and financed through a combination of existing cash reserves and debt facilities
12/2025	ORANGE	MASORANGE	SPAIN	Telecom	Orange SA has entered into a definitive agreement to acquire the remaining equity stakes held by Cinven, KKR, and Providence Equity Partners in MasOrange. This transaction represents a milestone corporate buyout and ownership consolidation for the Spanish telecommunications operator, which has achieved rapid growth and market penetration under the joint sponsorship of the private equity consortium
10/2025	VODAFONE GROUP	TELEKOM ROMÂNIA MOBILE	ROMANIA	Telecom	Vodafone România has finalized a definitive agreement to acquire 100% of the capital of Telekom România Mobile Communications, executing a major market-consolidating corporate buyout within the regional telecommunications sector
10/2025	JT GROUP / CVC	MANX TELECOM	UNITED KINGDOM	Telecom	Telecom operator JT Group (Jersey Telecom), a strategic national asset wholly owned by the States of Jersey, has partnered with private markets investor CVC DIF (the dedicated infrastructure strategy of CVC) to complete the acquisition of Manx Telecom Group
03/2025	LATOUR CAPITAL	LYNXEO	FRANCE	Telecom	Nexans, a global leader in cable systems and services, has finalized the divestiture of its industrial cables division, Lynxeo, to the French private equity firm Latour Capital. The transaction, completed on June 30, 2025, was valued at an enterprise value of �525 million
12/2024	INFRAVIA CAPITAL	OPCORE	FRANCE	Telecom	InfraVia acquired a 50% stake in OpCore from the iliad Group to create a premier independent European data center platform. This strategic partnership combines iliad's technical operational excellence and historical asset base with InfraVia's financial firepower and infrastructure management expertise

REFERENCES

Valuation range: EV 1b - 4b NOK

Revenue range: 250M - 500M NOK

EBITDA range: 100M - 200M NOK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ENIVEST by TELENOR are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: enivest

Acquirer: telenor