Phonero

Phonero is a privately owned MVNO providing telecommunication services to Norwegian small and medium business customers. Phonero has its headquarters in Kristiansand with regional offices in Oslo, Stavanger, Bergen and Trondheim.

With a strong salesforce and excellent customer support, the company has achieved steady high growth, becoming a sizable Norwegian telecommunication player.

From being a startup company in 2008, the company has grown to become a central virtual operator in the Norwegian business market with more than 13 000 corporate institutions with over 80 000 clients in 2014 before the acquisition of Ventelo in the spring of 2014.

Since the aquisition of Ventelo, Phonero has become a substantial player in the Norwegian market with a total revenue exceeding 1 billion NOK and more than 250 000 active users. The acquisition have strengthened the organization and improved the customer diversification due to Ventelo’s large share of government clients.

On November 9, 2015, Kistefos announced a sale of the majority shareholding in Phonero to Norvestor VI L.P a fund managed by the private equity company Norvestor. Following the transaction, Kistefos remains with a shareholding of 20,1% in Phonero.

Kistefos has been an owner in Phonero since the startup in 2008.

For further information on Phonero, please visit www.phonero.no