Telenor ASA divests Conax to Kudelski Group for 1.5 billion Norwegian crowns

Wednesday, 26 Mar 2014 02:00am EDT 

Telenor ASA:Says Telenor Broadcast has entered into a definitive agreement to sell its subsidiary Conax AS to Swiss-based Kudelski Group for 1,509 million Norwegian crowns on a cash and debt free basis.Conax is a global provider of solutions for securing digital video content distribution on all networks and devices with a market share of about 7 pct. 

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