CATCH COMMUNICATIONS ASA

Catch Communications ASA was the first operative telephone operator in Norway, besides Telenor ASA, that could offer broadband services on the telephone network’s existing copper cable network with the application of DSL technology.

KVC became the leading investor in Catch in 2000 as the company had a turnover of NOK 1 million. The company developed rapidly to become one of Norway’s leading suppliers of data communications systems based on broadband technology. The company earned an award from the consulting and auditing firm Deloitte as the fastest growing technology company in Europe over a five-year period with sales growth of 78000% from 2000 to 2004, being the first Norwegian company ever to top the “Fast 500 Europe” list.

Catch became listed on the stock exchange in the spring of 2004, and KVC sold its shares in the Company to Gandahara Master Fund Ltd in September 2005. The contract was signed on the condition that all of the shareholders would receive the same offer as KVC. The sale of shares to Gandahara Master Fund Ltd led to Ventelo Norge AS taking over all shares in Catch Communications ASA in December 2005.