At what enterprise value was BAHNHOF acquired in 2026?

During the acquisition of BAHNHOF by TELENOR in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b SEK. 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 14.8x, providing a valuable benchmark for this transaction.

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

The estimated EV/EBITDA multiple for BAHNHOF is in the range of 15x - 25x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was BAHNHOF acquired by TELENOR?

BAHNHOF was acquired by TELENOR in 2026.

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

The revenue of BAHNHOF at the time of the deal is estimated to be in the range of 1b - 3b SEK. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of BAHNHOF during the acquisition?

BAHNHOF's EBITDA is estimated to be in the range of 250M - 500M SEK. 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 BAHNHOF 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 BAHNHOF 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-bahnhof-to-strengthen-position-in-sweden/

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Home Database TMT (Tech, Media, Telecom)BAHNHOF

07/2026

TELENOR takes majority stake in BAHNHOF

SWEDEN Telecom / Operators EV 3b - 100b SEK

Context

Telenor Group has announced the acquisition of a controlling stake in Bahnhof, a Swedish broadband provider, strengthening its position in the Swedish telecommunications market. The transaction will make Telenor the second-largest fixed broadband provider in Sweden and represents a significant step in the group’s Nordic growth strategy. The acquisition reflects Telenor’s ambition to expand its presence in Sweden, which is considered a key strategic market within the Nordic region. By combining Bahnhof’s fixed broadband capabilities with Telenor’s existing fixed and mobile operations, the transaction aims to create complementary strengths across network infrastructure, enterprise services and secure digital connectivity. Founded in 1994, Bahnhof has established itself as a recognised player in the Swedish broadband market, supported by a strong brand, customer-focused approach and proprietary infrastructure. The company operates its own network assets, provides access to open networks and manages several colocation data centres supporting digital infrastructure services. Following completion of the transaction, Bahnhof will continue operating under its own brand, while Telenor intends to build on the company’s market position and combine the capabilities of both organisations. Bahnhof’s CEO Jon Karlung and co-founder Andreas Norman will join Telenor as part of the transaction, supporting the integration and future development of the business.

BAHNHOF, which reported an EBITDA margin of LOGIN in 2026, 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 (14.8x).

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.

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Target

Bahnhof is a Swedish provider of fixed broadband services established in 1994. The company operates a proprietary fiber-optic network that delivers residential broadband connections and leased lines to business customers across major urban areas. Its portfolio includes high‑capacity broadband packages for households, dedicated internet access for enterprises, and colocation services within five data‑centre facilities located in Stockholm, Gothenburg, Malmö, Uppsala and Linköping. Bahnhof’s customer base comprises roughly 500,000 residential subscribers and about 15,000 enterprise accounts, ranging from small‑ and medium‑size firms to large corporate users requiring secure connectivity and data‑center hosting. Revenue is generated through monthly subscription fees, wholesale fiber access contracts, and data‑centre rental income. The firm maintains control of its network assets, enabling end‑to‑end service provisioning and the ability to offer bundled solutions that combine connectivity with hosting and security features. Bahnhof’s brand is positioned around privacy‑focused services and network reliability, which it promotes through direct sales channels and partnerships with content providers. The company has expanded its footprint by acquiring access to open‑network infrastructure and by investing in capacity upgrades to support increasing demand for high‑speed internet and cloud‑related services. Operationally, Bahnhof employs a vertically integrated model that oversees network deployment, customer support, and data‑centre management.

Ent. Value

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Multiples

EV / Revenue

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Historical Financials (SEK)

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2026

2025

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REFERENCES

Valuation range: EV 3b - 100b SEK

Revenue range: 1b - 3b SEK

EBITDA range: 250M - 500M SEK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BAHNHOF 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: bahnhof

Acquirer: telenor