Telio is listed
I am told that Telio, the "little Norwegian telco that could," was listed on the Norwegian OTC market this week (Bloomberg ticker is TELO NO). I can't get any pricing data over Bloomberg, but my local sources tell me that the shares are trading in the NOK22 - 23 range, with 17m shares outstanding. That gives it a market cap of NOK374m, or about EUR46m. Crudely, I guess that works out at about EUR1000 per subscriber, if that's even a meaningful measure.
Friday, April 29, 2005
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