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Acquisition of B2C customer base

11 July 2017

11 July 2017 – AINMT’s Norwegian network operator ice.net has entered into an agreement to acquire a B2C customer base from an undisclosed Norwegian mobile phone operator.

Following the forthcoming migration process, ice.net will expect to have acquired a net amount of minimum 40,000 B2C customers. The customer base will be integrated into Ice Communication Norge AS.

Ice.net will pay approximately NOK 75 million for the customer base, plus a potential bonus payment dependent on number of subscribers successfully migrated to Ice. The acquisition is fully financed by the recent equity injection into AINMT Scandinavia Holdings AS (see announcement dated 4 July 2017 for further details).

“Ice.net is the fastest growing mobile network operator in Scandinavia. The acquisition of this customer base will be a valuable addition to an already rapidly growing customer footprint in Norway,” says JD Fouchard, CEO of AINMT.

Closing of the agreement is expected on Wednesday 12 July 2017. The migration process is expected to take place between August and October 2017.

The transaction is not subject to approval from Norwegian competition authorities.

ENDS

For further information, please contact:

Investors

Johan Michelsen, Deputy CEO, AINMT Holdings AB, +47 410 87 000

Media

Endre Aaberg Johansen, Corporate Communications AS, +47 41 61 06 05

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For media enquiries to AINMT, please contact:

Endre Aaberg Johansen - Corporate Communications
Tel: +47 41 61 06 05
Email: endre.johansen@corpcom.no