Viaplay Group AB (publ) (“Viaplay”) announced on 17 July 2025 that it has, through a wholly-owned subsidiary, entered into an agreement with Telenor Communication II AS (“Telenor”) to acquire Telenor’s 50 percent stake in Allente Group (“Allente”), for a cash consideration of SEK 1.1 billion, to become the sole owner of Allente. The acquisition will be financed through available cash and a new SEK 1,726 million term loan facility. The acquisition is subject to customary regulatory approvals and the new term loan facility is subject to customary conditions for a credit facility of this nature.
Allente is a leading provider of television services delivered via satellite (DTH), IPTV and OTT, with customers across Norway, Sweden, Finland and Denmark. In Sweden, Allente also offers standalone broadband solutions. The company was established in 2020 through the merger of Canal Digital (Telenor) and Viasat (Viaplay) and has since been jointly owned and operated by Viaplay and Telenor under a 50/50 ownership.
Gernandt & Danielsson advises Viaplay with a team lead by partners Fredrik Palm and Mikael Bolling, senior associates Simon Wetterholm and Mikael Nagy as well as associate Erik Schwartz, primarily assisted by partner Peter Forsberg (FDI/Competition), senior associates Astrid Svensson (IT, Data Protection and IP) and Gustav Lindgren (Employment) as well as associates Matilda Ellman (Corporate), Sofie Hallén (FDI/Competition), Holly Karlander (Corporate), Jacob Linder (Corporate) and Amanda Kull (Corporate).