EWII Fibernet

EWII sells fibre
business to Norlys


EWII sells fibre business to Norlys

The energy and water utility group EWII is selling its fibre business to the energy and telecommunications group Norlys. The sale of the fibre network is the largest transaction in EWII group’s history.

EWII Fibernet covers 135,000 addresses in the Triangle Region Denmark. With the acquisition, Norlys, which already has Denmark’s largest fibre network, will cover over one million addresses with fibre network. Once the transaction is completed, Norlys will take over the 48 employees currently working for EWII Fibernet.

EWII is a Danish energy group providing electricity, charging stations for electric cars and internet throughout Denmark. The group is independent and consumer-driven with a history spanning more than 150 years. The group has more than 400,000 customer relations and commitments across the organisation.

Norlys is Denmark’s largest integrated energy and telecommunications group. The business is owned by more than 800,000 shareholders and provides energy, charging stations, TV, internet and mobile telephony in Denmark.

The sale allows EWII to focus on the development of new infrastructure and activities that contribute to solving climate and environmental issues.

The transaction is subject to the approval by Norlys’ board of representatives and the Danish Competition Authorities and is expected to be completed before the end of 2024.

Accura advised EWII in connection with the transaction.