Telenor is acquiring a controlling stake in Swedish cloud and hosting provider Bahnhof in a transaction valued at SEK 6.1 billion.
The Norwegian telecommunications operator intends to launch a subsequent offer for the remaining shares, signaling a full takeover of the company.
The deal marks a significant expansion for Telenor into the European cloud infrastructure market.
By securing a majority position, the operator gains immediate access to Bahnhof’s established data center footprint and customer base in Sweden and beyond.
The planned follow-up offer for the remaining equity suggests Telenor views the asset as a strategic long-term holding rather than a partial investment.
Bahnhof has built a reputation as a leading independent cloud provider in the Nordics, competing with larger global hyperscalers.