Merger between Telavie AS (NO), formerly Bravida Telecom, with Flextronics Network Services (SE), to form Relacom — Amount not disclosed.

Carnegie acted as adviser to Altor Equity Partners AB in the merger between Telavie and Flextronics Network Services to form Relacom. The merged company, Relacom, employs some 10,000 people in 18 countries and has annual revenues of around USD 1 billion. September, 2005.