📋 Tender Overview
Space Norway AS has entered into an agreement with Telenor Networks Holding AS to acquire Telenor Satellite AS. Space Norway has approached the state as owner about the injection of equity.
"The Government will propose to the Storting that Space Norway be provided with capital to finance the acquisition of Telenor Satellite. The acquisition will contribute to a major Norwegian satellite operator that, together with a growing Norwegian space industry, can strengthen Norway as a space nation. At the same time, the acquisition ensures that Norway – at a time of increasing geopolitical turmoil – have control over satellites on which critical societal functions depend and which are strategically important for Norway," says Minister of Trade and Industry Jan Christian Vestre.
In connection with the estimated accounts, the Government will submit a proposal to the Storting for a capital injection of NOK 2.36 billion to Space Norway to finance the acquisition. The transaction is considered to be in line with the state's rationale for its ownership to develop, manage and own safety-critical space-related infrastructure that meets important Norwegian societal needs.
"This is an investment that makes strategic and financial sense for Space Norway, and which I expect to yield a market return. We are proposing to change the state's goal for its ownership interest in Space Norway to category 1, which means that the state, as owner, will follow up the company on the highest possible return over time within a sustainable framework," says Vestre.
