When was NextGenTel founded?

NextGenTel was founded in 2000 and raised its 1st funding round 2 years after it was founded.

Where is NextGenTel located?

NextGenTel is headquartered in Bergen, Norway.

How many employees does NextGenTel have?

As of Aug 31, 2026, the latest employee count at NextGenTel is 130.

Is NextGenTel a funded company?

NextGenTel is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Jan 2002.

How much is NextGenTel worth?

The last known valuation of NextGenTel was $***** as of Dec 19, 2012.

When was the latest funding round of NextGenTel?

NextGenTel's latest funding was a $***** Series A round on Jan 2002, with participation from 2 investors.

What is the annual revenue of NextGenTel?

Annual revenue of NextGenTel is between $10M and $50M as on Dec 31, 2022

Where does NextGenTel rank among its competitors?

NextGenTel ranks 23rd amongst 43 active competitors, none of which are funded.

Who are the top competitors of NextGenTel?

NextGenTel's top competitors include AT&T, Verizon and Telecom Italia. Among them, Vodafone secured the most recent funding round in January, 2025.

NextGenTel - 2026 Company Profile, Funding, Competitors & Financials

Q: Is NextGenTel an acquired company?

NextGenTel got acquired by Telio on Dec 19, 2012.

NextGenTel is an acquired company based in Bergen (Norway), founded in 2000. It operates as a Broadband Service Provider in Norway. NextGenTel has raised $6M in funding, with last known valuation of $*****. The company has 43 active competitors, including 22 that have exited. Its top competitors include companies like AT&T, Verizon and Telecom Italia.

Company Details

NextGenTel is a provider of broadband service across Norway. It is the second largest supplier of broadband service. Its services include xDSL, fiber broadband services, VoIP, IPTV solutions. Its customers include small, medium and large scale businesses and individual consumers.

Website: www.nextgentel.no/
Social
Part Of

Key Metrics

Founded Year

2000

Location

Bergen, Norway

Stage

Acquired

Total Funding

$6M in 1 round

Latest Funding Round

Series A, Jan 2002, $*****

Last Known Valuation

$***** as on Dec 19, 2012

Investors

Northzone & 3 more

Ranked

23^rd among 43 active competitors

Annual Revenue

$10M - $50M as on Dec 31, 2022

Employee Count

130 as on Aug 31, 2026

Similar Companies

Bezeq & 1598 more

Exit Details

Acquired by Telio (Dec 19, 2012)

View NextGenTel's full profile

NextGenTel is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NEXTGENTEL B.I.L. CIN: 992306742 , Norway, Active	Sep 11, 2003	-	-
NextGenTel AS CIN: 981649141 , Norway, Active	Jan 02, 2000	$10M - $50M (As on Dec 31, 2022)	76 (As on Dec 31, 2022)

NextGenTel got acquired by Telio on Dec 19, 2012 at an acquisition amount of $*****.

Click here to take a look at NextGenTel's acquisition in detail

NextGenTel has raised a total funding of $6M over 1 round. Its latest funding round was a Series A round on Jan 2002 for $*****. 2 investors participated in its latest round. NextGenTel has 4 institutional investors.

Here is the list of recent funding rounds of NextGenTel:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 2002	4600151	Series A	7086819	3092035	1576892	9719655

Access funding benchmarks and valuations. Sign up today!

View details of NextGenTel's funding rounds and investors

NextGenTel's employee count trend

NextGenTel has 130 employees as of Aug 26. Here is NextGenTel's employee count trend over the years:

Uncover NextGenTel's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of NextGenTel include AT&T, Verizon and Telecom Italia. Here is the list of Top 10 competitors of NextGenTel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	AT&T 1876, Dallas (United States), Public	Provider of wireless and internet services	-	Elliott Management, Seaside Private Capital ... & 13 others	79/100
2nd	Verizon 1983, New York City (United States), Public	Provider of wireless, internet, TV, and phone services	-	Berkshire Hathaway, Black Capital Investments ... & 17 others	78/100
3rd	Telecom Italia 1994, Rome (Italy), Public	Integrated telecom service provider	-	Elliott Management, CDP Equity & 3 others	78/100
4th	Vodafone 1982, Newbury (United Kingdom), Public	Virtual card-linked wallet for consumer payments	-	Elliott Management, Liberty Global & 12 others	77/100
5th	Telenor 1885, Fornebu (Norway), Public	Provider of voice, data, broadband internet, and television services	-	Awilco, KKR & 1 others	75/100
6th	Telia Company 1853, Solna (Sweden), Acquired	Provider of integrated telecom and TV services	-	Norvestia, Northwood Ventures & 1 others	75/100
7th	Comcast 1963, Philadelphia (United States), Public	Provider of phone, internet, and television services	-	JANA Partners, Kleiner Perkins	72/100
8th	Orange 1988, Issy les Moulineaux (France), Acquired	French Telecommunication major	-	Runway, Orthogonal Thinker & 12 others	71/100
9th	Liberty Global 2005, London (United Kingdom), Public	Provider of mobile communication and broadband network services	-	Media Investment Group, Gov & 2 others	71/100
10th	BT Group 1981, London (United Kingdom), Public	Provider of mobile phones and fiber broadband services for home & business	-	Triodos Investment Management, Bharti Enterprises ... & 5 others	67/100
23rd	NextGenTel 2000, Bergen (Norway), Acquired	Broadband Service Provider in Norway	$6M	Northzone, Noble Rock Advisors & 2 others	37/100