Verdane, a European growth equity firm focused on tech-enabled and sustainable businesses, has entered into an agreement with Telenor Group, a leading telecommunications and technology company in the Nordics and Asia, to establish a joint ownership structure over Telenor Connexion. Over the past 25 years, Telenor Connexion has built a strong global position in managed IoT services and connectivity solutions for large, global customers.
As part of the transaction, Verdane has acquired Telenor Group’s ownership stakes in Telenor Amp’s portfolio companies BLDNG.ai and Whereby. European owned and privacy-first by design, Whereby delivers reliable, user-friendly video calling for individuals, teams and enterprise platforms.
Two Roads Advisors served as an advisor to Whereby.
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