GlobalConnect to acquire Open Universe from Telenor Sweden for $334m.

GlobalConnect, a provider of fiber-based data communication and data center services, agreed to acquire Open Universe, a communications operator, from Telenor Sweden, a multinational telecommunications company, for $334m. "We strengthen the relationship with our customers and focus our investments on further developing products and services in mobile, broadband and television. Our ambition is for customers to have a superior experience with us, not least those who have all services via Telenor. Digitization in the real estate industry increases the need for more services such as 5G, public wifi for seamless connection throughout the property, stream-based TV services, security services and other smart solutions," Bjørn Ivar Moen, Telenor Sweden CEO.