Nordnet AB (publ) (OM:SAVE) entered into an agreement to acquire Consumer fiber operator business of Netgem on February 1, 2023. As of December 31, 2022, Consumer fiber operator business reported turnovers of €4.7 million. The sale, subject to certain usual conditions precedent, should be completed during the first half of 2023.

As per the announcement on March 20, 2023, the closing of the sale with take effect from April 1, 2023.