History

History

Telenor in Denmark is a merge of the mobile telco Sonofon and the internet provider Cybercity. The merge took place in June 2009.

Telenor in Denmark is a merge of the mobile telco Sonofon and the internet provider Cybercity. The merge took place in June 2009.

Sonofon’s history

Cybercity’s history

Cybercity was founded by the entrepreneur Claus Riskær Pedersen in 1995 as a smaller provider of dial-up internet connections with geographical focus on Sjælland. In 2000 the company was sold to the private equity firm Advent International. In spite of the financial hard times in the IT industry in 2001, Cybercity succeeded in attracting 440 million DKK in investor capital.

Following a massive restructuring of the company took place. The strategy was revised and a certain focus was laid on business to business sales as well as the geographical focus was extended to the entire country. This way the new organisation with Henrik Clausen as CEO managed to reach a growth at 30 % and a strong position as Denmark’s second largest provider of DSL connections.

In 2005 Cybercity presented the first positive full-year result at 59 million DKK as planned. Through the years Cybercity has invested more than 800 million DKK in its own network and switching as well as an IP-based production platform. The Nordic Telenor Group bought Cybercity in May 2005.