![Telenor in $1 billion deal to sell 30% stake in Norway broadband unit](https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9609V_L.jpg)
© Reuters. FILE PHOTO: Telenor flag flutters next to the company’s headquarters in Fornebu, Norway, June 1, 2017. REUTERS/Ints Kalnins
OSLO (Reuters) – Norway’s Telenor on Friday said it had agreed to sell a 30% stake in its Norwegian fibre broadband unit for 10.8 billion Norwegian crowns ($1.0 billion) to a consortium led by U.S. investment firm KKR and Oslo Pensjonsforsikring.
($1 = 10.7515 Norwegian crowns)
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