Viaplay buys remaining stake in Allente from Telenor
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Telenor logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration
STOCKHOLM (Reuters) -Swedish streaming group Viaplay Group said on Thursday it had agreed to buy the remaining 50% stake in Allente Group from Norway's Telenor for 1.1 billion Swedish crowns ($113 million).
Viaplay said in a statement it would finance the deal, which would make it the sole owner of the provider of broadband and satellite TV, through available cash and a new 1.73 billion crown loan facility.
($1 = 9.7356 Swedish crowns)
(Reporting by Anna Ringstrom, editing by Louise Rasmussen)
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