Telenor Divests Tapad to Experian for $280 Million

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Telenor Divests Tapad to Experian for $280 Million

By Adriano Marchese

Norwegian telecom provider Telenor ASA said Thursday that it has agreed to divest its identity data provider to Experian Holdings, Inc. for $280 million.

Telenor said the pretax gain expected for the divestiture of Tapad to Experian, a FTSE 100 credit-reporting agency, will amount to $230 million, which will be recognized in the fourth quarter.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 19, 2020 11:34 ET (16:34 GMT)

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