TMCnet News
NextGenTel Holding ASA: Sale of Kvantel AS Successfully CompletedOSLO, Norway, June 29, 2018 /PRNewswire/ -- With reference to the previously announced sale of all the shares in Kvantel AS (the "Transaction"), NextGenTel Holding ASA (the "Company") hereby confirms that the Transaction today has been successfully completed. Net proceeds from the Transaction will be used to repay the Company's long term bank debt in full, and also to pay outstanding tax debt. The Board of Directors will consider a potential extrardinary dividend in due course. NextGenTel Holding ASA This information was brought to you by Cision http://news.cision.com http://news.cision.com/nextgentel-holding-asa/r/sale-of-kvantel-as-successfully-completed,c2561167 
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