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3 years ago
Norway's Telenor sells digital TV technology unit to Kudelski for $248 mln
March 26, 2014 / 6:15 AM / 3 years ago

Norway's Telenor sells digital TV technology unit to Kudelski for $248 mln

OSLO, March 26 (Reuters) - Norwegian telecom firm Telenor has sold its business providing technology for digital TV to Switzerland's Kudelski for 1.5 billion crowns ($248.01 million), the firm said on Wednesday.

Telenor said it sold the business to focus on its core activities of providing telecom services.

$1 = 6.0480 Norwegian Kroner Reporting by Gwladys Fouche, editing by Henrik Stolen

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