Nortel admitted to trading

This page is available in multiple languages

Select Language

Oslo, 18 November – The telecom company Nortel has today been admitted to trading on Merkur Market (ticker code: NTEL-ME).

Since the launch in September 2019, Nortel has achieved steep growth in the SMB segment, not least by being a first mover in offering limitless data at a fixed price to companies.

The challenger in the business telecom duopoly in Norway are prepared for accelerated growth.
”Our growth since the launch 14 months ago proves that there was a need for a challenger in the SMB market and with the equity issue of NOK 75 million, we have the financial muscles to increase the level of ambition,” says Christian Pritchard, CEO and founder of Nortel.

Nortel has acquired 3,600 customers with a total of 13,900 plus SIM and targets 142,000 SIM in 2025, in addition to 25,000 Fixed Wireless Access (Fast Mobilt Bredbånd) contracts when 5G broadband opens a new market as an alternative to coax/xDSL.

“A flexible technology platform and scalable business model enables us to drive innovation and at the same time compete on price. Nortel is well-positioned for strong and profitable growth,” says Pritchard.

About Nortel
As the challenger in the Norwegian mobile and broadband market for companies, established by experienced people from the industry, Nortel focuses on small and medium-sized companies. A flexible technology platform and a scalable business model enable the company to drive innovation and at the same time compete on price. The company’s headquarter is located in Ålesund, and the company has offices in Bergen, Trondheim, Stavanger, Kristiansand and Oslo.

Press Release Footer

About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

_Disclaimer
_{This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.}

_{This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at}_{www.euronext.com/terms-use}_.