Finance
EQT kicks off sale of Nordic broadband and data centre business, FT reports
Published by Global Banking & Finance Review®
Posted on September 19, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 19, 2025
1 min readLast updated: January 21, 2026
EQT is selling its Nordic digital infrastructure business, GlobalConnect, valued at 8 billion euros. Goldman Sachs will oversee the sale.
(Reuters) - Swedish private equity firm EQT has launched the sale of its Nordic digital infrastructure business GlobalConnect, at a potential valuation of 8 billion euros ($9.43 billion), the Financial Times reported on Friday citing unidentified sources.
EQT bought a majority stake in GlobalConnect in 2017.
Reuters could not immediately verify the report.
EQT, GlobalConnect declined to comment to the FT, and the firms did not immediately respond to a Reuters request for comment.
GlobalConnect manages over half of the Nordic region's data traffic through its 244,000 km fiber network. It serves 907,000 private consumers and 30,000 business-to-business clients across Denmark, Norway, Sweden, Germany, and Finland, according to its website.
Goldman Sachs bankers have been tapped to oversee the sale of the business, with EQT opting for a full divestment rather than break it up, the report added.
($1 = 0.8484 euros)
(Reporting by Anusha Shah in Bengaluru; Editing by Nivedita Bhattacharjee and Janane Venkatraman)
Private equity refers to investment funds that buy and restructure companies not listed on public exchanges, often aiming to improve their financial performance before selling them for a profit.
Valuation is the process of determining the current worth of an asset or a company, often used in investment and financial analysis to assess market value.
A fiber network uses fiber-optic cables to transmit data at high speeds over long distances, commonly used in telecommunications for internet and data services.
A telecommunications company provides services related to communication over distances, including internet, telephone, and television services.
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