Norway's Lyse Tele joins forces with Denmark's MVB  

2005.11.01
Norway's Lyse Tele and Danish broadband supplier MidtVest Bredbånd (MVB) has founded a joint company which will offer internet access, telephony and TV to electricity customers in Jutland initially

Norway's Lyse Tele and Danish broadband supplier MidtVest Bredbånd (MVB) has founded a shared company which will offer internet access, telephony and TV through the same plug in the wall to electricity customers in Jutland. The aim is to expand the services to the rest of the country. Lyse Tele initially owns 10% and MVB 90% of the new company, which has not yet been named.

Svend-Erik Jensen, managing director of MVB says: "Hopefully many more electricity companies will join us as both owners and customers [MVB was founded by seven Danish electricity companies – Ed]. There are already a couple which have shown interest, but we invite all electricity suppliers into what you could call the electricity sector's shared content wholesaler dealer".

Lyse Tele will supply net access, telephony and TV channels, while MVB will supply the fibre optic network. So far MVB has invested DKK 200 mn (USD 32 mn) in its network, but expects to invest close to DKK 1 billion (USD 160 mn). The news was reported by national daily broadsheet Berlingske Tidende.

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