Telenor in $1 billion deal to sell 30% stake in Norway broadband unit

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OSLO (Reuters) – Norway’s Telenor on Friday said it had agreed to sell a 30% stake in its Norwegian fibre broadband unit for 10.8 billion Norwegian crowns ($1.0 billion) to a consortium led by U.S. investment firm KKR and Oslo Pensjonsforsikring.

($1 = 10.7515 Norwegian crowns)