Norwegian Telenor buys $1 billion worth of broadband

Norwegian giant has spent $1 billion to buy two broadband operators –
Sweden’s Bredbandsbolaget for $823 million (335,000 subscribers) and
another $237 million on Danish broadband outfit Cybercity, which has
about 90,000 customers. Looks like it is trying to become a major
player in that region
[via gigaom]

$237 million dollars for 90,000 ADSL users..cripes..working on that basis somebody like AOL in the UK would be worth nealry $4 billion. That’s a lot of money for each DSL user, about $2600.

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