Telenor Group agreed to acquire 54% of the shares in the Finnish telecom operator DNA for total €1.5bn ($1.7bn). With the transaction, Telenor gets a strong position across fixed and mobile in an attractive and growing telecom market, and further strengthens its position in the Nordic region. Telenor entered into separate agreements for €20.90 ($23.50) per share in cash with DNA’s two largest shareholders, Finda Telecoms, subsidiary of Finda, Finish private equity firm, and PHP Holding, which hold 28.3% and 25.8% of the shares in the company, respectively. “I am very pleased to announce today’s transaction and our entry into Finland, the fastest growing mobile market in Europe. DNA is an exciting addition to Telenor Group, and a natural complement to our existing operations in the Nordic region. Not only are we strengthening our footprint in the Nordic region, we are also gaining a solid position across fixed and mobile in the Finnish market and making room for further value creation. I would like to congratulate DNA’s management and all employees for the impressive journey taking the business to what it is today. We will continue to invest in DNA and will support the team in their focus on delivering high-quality services to the customers in Finland. I am looking forward to welcoming all DNA employees to the Telenor family and to an exciting future ahead of us,’’ Sigve Brekke, Telenor Group Chief Executive.