Telenor takes full control of ProMonte | RCR Wireless

Telenor takes full control of ProMonte

by RCR Wireless News

OSLO, Norway-Norwegian operator Telenor said it completed the acquisition of an additional 55.9 percent of Montenegrin mobile operator ProMonte, giving Telenor full ownership. The transaction price was $79 million.

Telenor said ProMonte is the leading wireless carrier in Montenegro with 273,000 subscribers and 56-percent market share at end-June.

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