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| Name | Symbol | Market | Type |
|---|---|---|---|
| Telenor ASA (QX) | USOTC:TELNY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.085 | 0.72% | 11.925 | 11.89 | 11.96 | 12.02 | 11.925 | 11.98 | 22,924 | 16:18:34 |
From May 2023 to May 2024
By Dominic Chopping
Telenor said the Working Group Two software company that it spun out in 2017 will be bought by Cisco Systems in a deal worth $150 million.
The Norwegian telecommunications provider started Working Group Two as a development project before it was spun out, with Telenor as a cornerstone investor and digital infrastructure investment firm Digital Alpha brought in as an investment partner.
The deal sees Telenor sell its 44.6% stake and the U.S. networking-equipment giant will acquire all shares in Working Group Two, it said.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
August 10, 2023 09:59 ET (13:59 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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