Investments

Altifiber AS – A leading fiber infrastructure owner in South-West Norway

 

A leading fiber infrastructure owner in South-West Norway

On November 20, 2024, Infranode, in partnership with Lyse Fiberinvest AS (“Lyse”), completed the acquisition of 65.79% of Altifiber AS (“Altifiber”) from Dalane Energi and other minority shareholders. Lyse, which originally held 34.21% of the shares, has been a minority owner in Altifiber AS since 2002. Following the transaction, Infranode holds 49.0% of the shares, with Lyse holding the remaining shares.

Earlier this year, Infranode and Lyse also jointly acquired Sandefjord Bredbånd. The acquisition of Altifiber AS marks Infranode’s fourth investment in Norwegian fiber.

About Altifiber AS

Founded in 2002, Altifiber is a leading fiber infrastructure owner in South-West Norway, primarily serving homes in Dalane and large parts of Agder, covering over 114,000 inhabitants. The Company offers broadband and TV services in collaboration with Altibox, an internet service provider wholly owned by Lyse. The network has been developed incrementally, achieving a strong presence in the villa market (SDUs) with 47% coverage and 64% penetration, connecting approximately 31,000 customers. In 2023, the Company generated revenue of NOK 275 million and an EBITDA of NOK 111 million.

Altifiber’s mission is to build, own, and operate state-of-the-art fiber networks and telecommunication infrastructure, ensuring seamless connectivity and superior service quality.

 

About Lyse

Lyse is a Norwegian energy and telecom company. Lyse builds, maintains and upgrades critical infrastructure and delivers broadband and entertainment services through the national Altibox partnership. Their telecom services are delivered through their national brands: Altibox, Ice and NiceMobil.

Assessed Societal Contribution

Altifiber’s societal contribution, i.e. how their products and/or services help solve challenges expressed as the Sustainable Development Goals (SDG), is illustrated with the relevant icons below.

E-WEB-Goal-08-1030x1030
E-WEB-Goal-09-1030x1030
E-WEB-Goal-11

Investment date: November 2024


Country: Norway


Sector: Fiber