Boston, MA -- (ReleaseWire) -- 03/06/2014 -- BMI has long held the view that, although Norway represents one of the highest value markets in the world, on a per capita basis, intense competition and market saturation leave few organic growth opportunities for new and existing investors alike. This view is amply demonstrated by developments surrounding the country's latest alternative player, Tele2-backed Network Norway. The company failed to secure additional spectrum in Q413 when it was outbid by Access Industries. It may now sell itself to Access or negotiate the use of Access' frequencies (the latter option seems unlikely as Access wants to use the spectrum to reinvigorate its minor mobile broadband business, Ice.Net). Prior to that, Tele2 announced plans to merge with Network Norway and consolidate its surviving fixed telephone service businesses in order to remain competitive. With other fixed telephony and broadband companies also exiting the market or consolidating, it is clear that the sector continues to revolve around three or four major players.
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