TAMPA, Fla. — Norwegian state-run telco Telenor announced plans Nov. 16 to sell its satellite division to Space Norway, which is fully owned by the country’s government, in a deal worth around $216 million.
Norway’s Ministry of Industry, Trade and Fisheries is seeking parliamentary permission for the capital needed to finance the transaction, which would help consolidate the country’s space interests.
“The acquisition will contribute to the establishment of a major Norwegian satellite operator, which, together with a growing Norwegian space industry, can strengthen Norway as a space nation,” said Jan Christian Vestre, Norway’s Minister of Trade and Industry.
“At the same time, the acquisition ensures that Norway, in a time of increasing geopolitical unrest, maintains control over satellites crucial for critical societal functions and strategically important for the country.”
The Norwegian government owns a majority of the shares Telenor trades on Norway’s main stock exchange.
Telenor Satellite owns and operates three geostationary spacecraft at 1 degree West — Thor 5, Thor 6, and Thor 7 — and also leases capacity from an Intelsat satellite at the same orbital slot, giving it telecom and broadcast coverage across Europe, the Middle East, and North Africa.
Space Norway was set up about a decade ago to procure spacecraft for the Arctic Satellite Broadband Mission (ASBM), a $450 million two-satellite system in highly elliptical orbits to provide connectivity at latitudes beyond where geostationary satellites can reach.
Northrop Grumman of the United States is providing the satellites for a SpaceX Falcon 9 launch slated this year from Vandenberg Space Force Base, California.
Space Norway also operates four maritime surveillance spacecraft for the Norwegian Coastal Administration, and has plans for two more small radar satellites to monitor Norwegian waters.
The company also manages undersea fiber-optic cables…
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