ice Group

Oslo, Norway Founded: 2008 • Age: 18 yrs Acquired By Lyse
Mobile communication services provider
Annual revenue - Latest available
Total funding $163.8M 3 rounds
Employees - Tracked headcount
Investors 2 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

About ice Group

ice Group is a company based in Oslo (Norway) founded in 2008 was acquired by Lyse in March 2022. ice Group has raised $163.75 million across 3 funding rounds from investors including Lyse and Access Industries. ice Group operates in a competitive market with competitors including MTN, Jio, Airtel, SK Telecom and Optus, among others.

  • Headquarter Oslo, Norway
  • Sectors
    Telecommunications
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Telecommunications → Telecommunications Infrastructure & Services Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $163.75 M (USD)

    in 3 rounds

  • Latest Funding Round
    $99.57 M (USD), Debt – Conventional

    Sep 26, 2019

  • Investors
    Lyse

    & 1 more

  • Employee Count
    Not available
  • Acquired by
    Lyse

    & 1 more

    (Mar 07, 2022)

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People of ice Group

Headcount 200-500
Employee Profiles 8
Board Members and Advisors 4
Employee Profiles
People
Shiraz Abid
Chief Commercial Officer
People
Eivind Helgaker
CEO
People
Jan-Erik Hvidsten
Chief Technology Officer
People
Martin Westersø
Chief of Staff

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Board Members and Advisors
people
Hans-Holger Albrecht
Director
people
Roshi Motman
Director
people
Guillaume d’Hauteville
Chair
people
Mari Thjømøe
Director

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Funding Insights of ice Group

ice Group has successfully raised a total of $163.75M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $99.57 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in ice Group

ice Group has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Lyse and Access Industries.

All
Venture Fund
Investor Description Founded Year Domain Location
Investment and holding company controlled by Len Blavatnik
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Solar energy projects are developed by Lyse in Norway.
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Investor details for ice Group

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
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  • Participation history

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Investments & Acquisitions by ice Group

Investments
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Investment portfolio details for ice Group

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  • Portfolio identities
  • Transaction dates
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Financial Statements - ice Group

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Detailed financials for ice Group

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  • Profit trends
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  • Financial ratios

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Ice Group Comparisons

ice Group Primary company
Description
Mobile communication services provider
Location
Oslo, Norway
Founded Year
2008
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for ice Group

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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  • Headcount comparison
  • Funding comparison
  • Operating benchmarks

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Competitors of ice Group

ice Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Airtel, SK Telecom and Optus, among others.

Company Name Domain Founded year HQ Location Description
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MTN Group is recognized as a leading telecommunications provider in Africa.
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Provider of telecommunication services
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Airtel is recognized as a provider of telecommunications and internet services.
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Provider of integrated telecommunication services
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Mobile internet services are provided for homes and offices.
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Integrated telecom service provider
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Detailed competitors of ice Group

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

  • Domains and locations
  • Full company profiles
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  • Competitive positioning

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Latest news on Ice Group

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Complete news archive for ice Group

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about ice Group

ice Group was founded in 2008 and raised its 1st funding round 7 years after it was founded.

ice Group is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.

ice Group is a funded company, having raised a total of $163.75M across 3 funding rounds to date.

Ice Group (formerly known as AINMT holdings) is a telecom service provider which caters to residential customers in Norway, Brazil, Indonesia and the Philippines. It offers mobile voicedata and other related telecom services under the Net1 brand. It provides these services through its own network and also through partnerships with multiple operators. As a part of its growth strategy, it has made multiple acquisitions including ice.net (2009), Network Norway (2015), and 30 stack in Nextel Brazil (2017).

ice Group's top competitors include MTN, AT&T and Optus.

ice Group has 2 investors. Key investors include Lyse, and Access Industries.

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