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Phonero

Investment date: November 2015

Industry: Tech-Enabled Services

Fund: Fund VI

Exit Date: April 2017

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While a Norvestor portfolio company, Phonero strengthened its position as market challenger to Telenor and Telia in the Norwegian SME and public sector markets. Phonero’s competitive edge was built upon its proprietary technology and value-added services, which provided high value-for-money quality and great customer service. Norvestor acquired Phonero in 2015, appreciating the company’s solid value propositions and experienced management team. During Norvestor’s ownership, Phonero grew its mobile subscription base from 177,000 to 200,200 units. Phonero was sold to Telia in a transaction in April 2017.