Phonero AS
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Phonero AS - overview
Established
2008
Location
Kristiansand, -, Norway
Primary Industry
Telecoms
About
Phonero AS, established in 2008, is a mobile operator specializing in mobile subscription services and integrated communication solutions for businesses and public sector organizations in Norway. Phonero AS operates as a mobile operator offering mobile subscription services. Founded in 2008 in Kristiansand, Norway, the company was sold to TeliaSonera in November 2016. The headquarters is located in Kristiansand, with regional offices in Oslo, Stavanger, Bergen, and Trondheim.
Phonero has been involved in three funding deals, with the most recent transaction occurring in 2016. Phonero provides mobile subscription services and integrated communication solutions aimed at both small and large enterprises, as well as public sector organizations. Their main offerings include mobile subscriptions, mobile broadband, and the leading central office solution, Phonero Bedriftsnett, recognized for its efficiency. The company focuses on enhancing mobile communications for various industries, predominantly in Norway, ensuring seamless connectivity for businesses and their clients.
In the most recent year, 2023, Phonero reported revenues of USD 6. 95 mn, with an EBITDA of USD 32,921. The company utilizes a subscription-based revenue model, primarily targeting business clients who require reliable mobile communication solutions. Their pricing plans offer flexibility tailored to customer needs, along with a mobile app, Ditt Phonero, for real-time data management.
Phonero has plans to develop and launch new products focused on enhancing mobile communication solutions for businesses in the coming years. The company aims to expand its market presence within Norway and potentially into neighboring Scandinavian countries. The funds from the recent acquisition by TeliaSonera, finalized in early 2017, are expected to support these growth initiatives and facilitate the introduction of innovative services.
Primary Industry
Telecoms
Sub Industries
Public Relations & Communications, Telecoms Providers & Services
Website
www.phonero.no
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Phonero AS - timeline of key events
Phonero AS - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,964,318 | 15,632,465 | 16,003,257 | 17,571,152 | 21,005,086 | 40,249,117 | 32,211,178 | 24,769,556 | 27,864,217 | 39,791,419 | 58,223,479 | 70,742,290 | - | - | - |
| % Revenue Growth (YoY) | - | 30.7% | 2.4% | 9.8% | 19.5% | 91.6% | (20.0%) | (23.1%) | 12.5% | 42.8% | 46.3% | 21.5% | - | - | - |
| EBITDA (USD) | 227,709 | 139,863 | 148,286 | 74,278 | 17,738 | 246,309 | 412,314 | 76,033 | 37,003 | (22,207) | 736,436 | 272,359 | - | - | - |
| Operating Income (USD) | 227,709 | 139,863 | 148,286 | 62,705 | (52,444) | 158,319 | 340,339 | 68,057 | 37,003 | (22,207) | 736,436 | 138,759 | - | - | - |
| Operating Margin | 1.9% | 0.9% | 0.9% | 0.4% | (0.2%) | 0.4% | 1.1% | 0.3% | 0.1% | (0.1%) | 1.3% | 0.2% | - | - | - |
| % EBITDA Margin | 1.9% | 0.9% | 0.9% | 0.4% | 0.1% | 0.6% | 1.3% | 0.3% | 0.1% | (0.1%) | 1.3% | 0.4% | - | - | - |
| NET Income (USD) | 180,186 | 101,569 | 100,635 | 44,602 | (38,216) | 114,887 | 253,742 | 50,433 | 29,199 | (16,352) | 606,477 | 157,960 | - | - | - |
| % Net Margin | 1.5% | 0.6% | 0.6% | 0.3% | (0.2%) | 0.3% | 0.8% | 0.2% | 0.1% | (0.0%) | 1.0% | 0.2% | - | - | - |
Phonero AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Phonero AS | - | ||||||||
| Secondary Buyout | Completed | Phonero AS | - |
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Phonero AS - employee data
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