AINMT AS: Contemplated private placement

Oslo, 8 June 2017 – AINMT Holdings AB is contemplating a share issue of USD 50-75 million, of which USD 50m has been pre-committed by existing shareholders. In connection with this share issue, AINMT AS is contemplating a private placement (the “Private Placement”) of approx. NOK 161-635 million (equivalent to approx. USD 19-75 million). The issue amount in AINMT AS is, among other, dependent on the final allocation of shares to pre-committed shareholders. The intention of the majority owner of AINMT Holdings AB, AI Media, is to subscribe for shares directly in AINMT Holdings AB and to maintain its pro-rata ownership (USD 31m at the lowest deal size). The proceeds from the Private Placement will be injected into AINMT Holdings AB, which has entered into an agreement to invest in the Brazilian mobile telecommunications company Nextel Brazil. For further information about the Nextel Brazil agreement, please refer to announcement from AINMT Holdings AB dated 6 June 2017.


The Private Placement

The Private Placement comprises of 1,463,225 shares and maximum 5,775,886 new shares at a fixed offer price of NOK 110 per offer share, raising gross proceeds of between approx. NOK 161 and 635 million (approx. USD 19 to 75 million[1]). The minimum order amount is set to the NOK amount equivalent to EUR 100,000.

The gross proceeds of the Private Placement will be injected into AINMT Holdings AB in a contemplated capital increase in AINMT Holdings AB. AINMT Holdings AB will use the gross proceeds to fund step 1 of the Nextel Brazil transaction, where AINMT will invest USD 50 million for a 30% stake in Nextel Holdings S.à r.l. The Private Placement enables the Company to maintain its pro-rata shareholding in AINMT Holdings AB. Funding of step 1 gives AINMT an option, but no obligation, to invest an additional USD 150 million in Nextel Brazil, which would result in a 60% controlling stake in the company.

Jörg Mohaupt (director of the board of AINMT AS, non- executive director of the board of AINMT Holdings AB, and responsible for the media, online and telecom business at Access Industries) has guaranteed subscription of USD 5 million in the Private Placement. Rasmussengruppen and Evermore, both existing shareholders, have guaranteed subscriptions of respectively USD 6 million and USD 8 million in AINMT AS. AI Media Holdings LLC (“Al Media”), a subsidiary holding company of Access Industries, has guaranteed subscription of USD 31 million in the private placement in AINMT Holdings AB.

The application period commences at 11:30 hours (CET) on 8 June 2017, and ends at 16:30 hours (CET) on 14 June 2017. AINMT AS, at its sole discretion, reserves the right to shorten or extend the application period at any time.

The conditional allocation of shares will be determined on or about 15 June 2017. The final allocation will be resolved by the board of directors of AINMT AS.

The completion of the Private Placement is conditional upon (i) all necessary corporate resolutions being validly made, by the Company and AINMT Holdings AB, including without limitation (a) approval by an extraordinary general meeting of the Company to be held on or about 16 June 2017 (b) the approval of the shares to be issued by AINMT Holdings AB to AINMT AS in an extraordinary general meeting of AINMT Holdings AB on or about 16 June 2017; (ii) payment being received for the allocated Offer Shares and (iii) registration of the share capital increase in the Company pursuant to the Private Placement in the Norwegian Register of Business Enterprises. The Private Placement will be cancelled if the conditions are not fulfilled, and may be cancelled by the Company in its sole discretion for any other reason.

DNB Markets, a part of DNB Bank ASA and Pareto Securities AS have been appointed as joint bookrunners for the Private Placement.


AINMT AS’ sole purpose is to invest in shares in AINMT Holdings AB. The remaining shares in AINMT Holdings AB are owned by Access Industries through one or more of its holding companies, and by board members, members of management and certain other persons.

AINMT Holdings AB owns 100% of the shares in AINMT Scandinavia Holdings AS and AINMT International Holdings BV, which has significant ownership shares of STI in Indonesia and Broadband Everywhere in the Philippines

AINMT is an international telecommunications company. Its focus is wireless data communication services, the fastest growing business segment within the telecom sector. AINMT’s Norwegian operation,, is Norway’s third largest mobile network operator and fastest growing provider of voice and wireless data services operating on 4G-only networks for smartphones and mobile broadband. Today, the company is well established in Scandinavia (Norway, Sweden and Denmark) and has recently launched 4G networks in Indonesia and the Philippines. AINMT is actively pursuing international expansion opportunities, aiming to satisfy the pent-up demand for internet access and data consumption in developing countries.

AINMT’s plan to apply for a listing on Oslo Børs/Oslo Axess, or other regulated market, in 2017, remains firm.

AINMT's ultimate majority owner is Access Industries, a privately held industrial group with long-term holdings worldwide. Its industrial focus spans four sectors: natural resources and chemicals; media and telecommunications; technology and e-commerce; and real estate.

[1] based on exchange rate of 8.4713 as published on Norges Bank’s website

For further information, please contact:


Johan Michelsen, Deputy CEO, AINMT Holdings AB, +47 410 87 000


Endre Aaberg Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email:

[1] based on exchange rate of 8.4713 as published on Norges Bank’s website