Acquisition of Nera SatCom AS (NO) by Thrane & Thrane (DK) from Nera ASA (NO) — USD 90 million

Carnegie acted as adviser to Thrane & Thrane in the acquisition of Nera’s mobile satellite communication activities consisting of Nera SatCom and European Satellite Link. Thrane & Thrane is the world’s leading manufacturer of terminals and land earth stations for global mobile satellite communications. September, 2006.