Sale agreed for North Sea communications specialist

Offshore staff

STAVANGER, Norway -- HitecVision has agreed to sell offshore high-speed communication operator Tampnet to EQT Infrastructure.

Tampnet, created by Statoil in 2001, has developed a high-capacity, low-latency communication network of fiber backbone cables and radio links serving the Norwegian and UK North Sea.

HitecVision acquired the company in 2010 from Statoil, the following year buying TeliaSonera’s North Sea Communications AS.

The transaction is subject to merger clearance from Norwegian competition authorities.



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