GlobalConnect is a privately owned company headquartered in Sweden, employing approximately 2,050 individuals. The company operates as a telecom provider across the Nordics and Germany.
On September 10, 2026, Vauban Infrastructure Partners was reportedly nearing a deal to acquire EQT AB-backed GlobalConnect’s fiber business in Sweden. This potential transaction could value the Swedish fiber-to-the-home business at approximately €2 billion ($2.3 billion). Previously, on August 25, 2026, GlobalConnect agreed to transfer approximately 6,000 fiber customers in Northern and Eastern Norway to Telia Norway. This transfer is a condition related to Telenor's acquisition of GlobalConnect's Norwegian residential customer business and awaits approval from the Norwegian Competition Authority, with completion expected in the fourth quarter of 2026. Earlier, on July 13, 2026, infrastructure vendor Eltel began work under an expanded three-year agreement with GlobalConnect, valued at approximately EUR 13 million, for complete fiber installations in various residential properties across Denmark, including housing associations, homeowners' associations, terraced housing, apartment buildings, and new-build projects.
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