Nord-Trøndelag Elektrisitetsverk

What Nord-Trøndelag Elektrisitetsverk does

Nord-Trøndelag Elektrisitetsverk AS (NTE) is a privately held Norwegian regional energy and telecommunications group headquartered in Steinkjer, operating across Trøndelag county. Founded in 1915 with over 100 years of hydropower heritage, NTE produces renewable energy equivalent to the consumption needs of approximately 500,000 people and supplies electricity to residential and business customers under spot price, fixed price, and the government-subsidized Norgespris scheme. The group is organized through wholly-owned subsidiaries including NTE Holding, NTE Energi, NTE Telekom, NTE Marked, NTE Konsern, and Verdal Kabel-TV, holding ISO 9001, ISO 14001, and ISO 27001 certifications.

NTE's technology stack combines hydropower generation with a fiber broadband network built across Trøndelag since 2004 and delivered through the Altibox platform partnership. Customer-facing products include bundled Altibox Standard, Pluss, and Extra TV/internet packages (NOK 1,439-1,959/month) with integrated streaming services (Netflix, HBO Max, Viaplay, TV 2 Play, SkyShowtime, Disney+), the Mitt NTE mobile app for electricity and account management, EcoMonitor and Fjutt smart energy monitoring devices, and the proprietary NTE Langtidsvarsel long-term weather and energy price forecasting tool.

NTE generates revenue through recurring electricity subscriptions, fiber broadband and TV monthly subscriptions (where internet represents ~60% of bundled package value), and nettleie (network charges) on consolidated invoices. The go-to-market combines direct digital self-service via nte.no, phone/chat/Messenger-assisted sales, and channel distribution through Altibox, with community engagement via the Laget Mitt sponsorship program (NOK 800,000 distributed annually). FY2025 after-tax profit was NOK 473 million (up from NOK 457M in 2024) despite halved electricity prices, supported by NIB-financed fiber expansion (NOK 250M loan, 2025-2027) and a wind power joint venture with SKS and Nordkraft in Finnmark.

Name

Nord-Trøndelag Elektrisitetsverk

Legal name

Nord-Trøndelag Elektrisitetsverk AS

Website

https://nte.no

Company type

Private

Founded year

1915

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Nord-Trøndelag Elektrisitetsverk (NTE) is a privately held Norwegian regional utility based in Steinkjer that produces renewable hydropower, supplies electricity, and delivers fiber broadband, TV, and streaming services to residential and business customers across Trøndelag through the Altibox platform.

Ownership category

akta.pro rank

Product category

Electricity and Telecommunications Utility

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Wired and Wireless Telecommunications Carriers (except Satellite) (51711)

SIC

Electric Services (4911), Cable & Other Pay Television Services (4841)

akta.pro primary industry

National & Regional TSOs (ISO/RTO/Grid Operators) (EUADAAAA)

Keywords

• Electricity supply services
• Fiber broadband services
• Renewable energy production
• TV streaming services
• Energy utility services

Headquarters

HQ city

Steinkjer

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Supply (Strøm): NTE supplies electricity to residential and business customers in Norway, offering various contract types including spot price contracts (Spotpris), fixed-price contracts, and the government-subsidized Norgespris scheme. Revenue is generated from electricity consumption priced at spot market rates plus margin, combined with network charges (nettleie) collected on the same invoice. Customers can also participate in the power transfer market.
2. Telecom Services (TV, Internet, Streaming): NTE delivers fiber broadband, TV, and streaming services primarily through the Altibox platform, offering bundled packages (Altibox Standard, Pluss, Extra) and add-on streaming services (Netflix, HBO Max, Viaplay, TV 2 Play, SkyShowtime, Xbox Game Pass Ultimate). Revenue is generated through monthly subscription fees, with internet comprising approximately 60% of the total package price for bundled offerings.
3. Renewable Energy Production: NTE produces renewable energy (hydropower) equivalent to the consumption needs of approximately 500,000 people. The company has over 100 years of energy production history. In 2025, the company generated revenue while laying the groundwork for 1,969 jobs. Annual profit after tax in 2025 was NOK 473 million.
4. Sponsorship and Community Programs: NTE sponsors local sports teams, cultural organizations, and community associations through the 'Laget Mitt' (My Team) and 'Nærmiljøet Mitt' programs, distributing approximately NOK 800,000 annually to local causes, building community engagement and brand loyalty.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

NTE is an integrated regional energy and telecommunications utility that produces renewable hydropower and supplies electricity, fiber broadband, TV, and streaming services to residential and business customers across Trøndelag, Norway. Electricity offerings include spot-price, fixed-price, and the government-subsidized Norgespris scheme billed together with network charges on a single invoice; telecom offerings are distributed through the Altibox platform with bundled broadband/TV packages and point-based streaming add-ons. Supporting products include the Mitt NTE customer app, the EcoMonitor energy monitoring system, and the Fjutt HAN-port smart device for real-time household consumption tracking.

Differentiator

Problem solved

Functional benefit

Brands

• Altibox: TV and streaming service delivered by NTE through fiber broadband
• Laget Mitt
• Nærmiljøet Mitt
• Mitt NTE
• Fjutt
• Altibox Wifi Overalt
• Altibox Trygg
• EcoMonitor

Products and services

• Electricity Supply (Strøm)

Quantifiable outcome

• NTE customer service center handles approximately 70,000 inquiries annually and won Kundeserviceprisen 2026 in the Energy category
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• SKS (Sinntro Synspunkt Kraft AS)coreStrategic or Co-development Partner · 11 May 2026NTE, SKS, and Nordkraft are collaborating on wind power development in Finnmark, Norway. This partnership represents a joint effort to develop renewable energy infrastructure in a region with significant need for new power generation, grid infrastructure, and industrial development. The collaboration aims to contribute to the power and industry development (kraft- og industriløftet) in Finnmark.
• NordkraftcoreStrategic or Co-development Partner · 11 May 2026NTE, SKS, and Nordkraft are collaborating on wind power development in Finnmark, Norway. This partnership represents a joint effort to develop renewable energy infrastructure in a region with significant need for new power generation, grid infrastructure, and industrial development. The collaboration aims to contribute to the power and industry development (kraft- og industriløftet) in Finnmark.
• JM HansenminorChannel Partner/ Reseller/ Distributor · 5 January 2026JM Hansen, a family-owned electrical contractor based in Tromsø, purchased NTE Elektro (NTE's electrical contracting business) in January 2026. Going forward, electrical services previously delivered by NTE Elektro are now delivered by JM Hansen, including for fiber installation projects (as seen in the Vidhaugen 1-23 fiber project).
• AltiboxcoreChannel Partner/ Reseller/ DistributorNTE distributes TV, internet, and streaming services through the Altibox brand and platform, a leading Norwegian telecom brand. The Altibox platform provides fiber broadband, live TV, on-demand streaming, and home network solutions. NTE is part of the broader Altibox partner network, using Altibox's technology for customer-facing TV and broadband services.
• Verdal Kabel-TVminorChannel Partner/ Reseller/ DistributorNTE owns Verdal Kabel-TV, a cable TV and internet provider serving the municipality of Verdal. Customer service for Verdal Kabel-TV remains locally operated in Verdal (phone: 740 76 940), maintaining local service continuity despite NTE ownership.
• Norwegian Government (Broadband Universal Service Goal)coreOthersNTE's fiber broadband expansion is part of Norway's national goal for universal broadband access. The NIB loan supports rural digital infrastructure development aligned with government policy objectives. This is a policy alignment rather than a formal partnership.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Lyse Energi: Norwegian regional energy and telecom group; owner of the Altibox platform through which NTE delivers TV and fiber. Most direct peer — same integrated electricity-plus-fiber-plus-TV model, same Norwegian regulatory environment, same Altibox channel dependency.
• Glitre Energi: Norwegian regional utility group based in Drammen serving Buskerud with electricity generation, distribution, and retail; also delivers fiber broadband in its footprint. Comparable integrated regional utility business model.
• Skagerak Energi: Regional Norwegian utility group providing electricity generation, grid, and retail in the Grenland/Vestfold/Telemark area. Directly comparable in scope (vertically integrated regional energy utility with adjacent fiber/telecom via Altibox partner network) and customer profile.
• Nordkraft: Regional Norwegian energy utility in northern Norway (Troms/Ofoten area) involved in hydro generation, distribution, and the same SKS/NTE wind partnership in Finnmark. Comparable integrated utility model and current co-development partner.
• Agder Energi: Vertically integrated Norwegian regional utility (hydro generation, grid, retail, fiber/telecom through Altibox) operating in the Agder region. Closest analogue in scale and product mix to NTE.
• Eviny (BKK successor): Norwegian regional energy and fiber-broadband group operating on Norway's west coast (Vestland). Comparable mix of hydro generation, grid operations, retail electricity, and Altibox-based telecom services.

Broad incumbents

• Hafslund: Largest Norwegian grid operator (owns and operates the regional and central grid in Eastern Norway) with substantial hydro generation and retail. Larger scale and broader footprint than NTE but directly comparable in regulated T&D plus retail electricity activities.
• Telenor: Norway's incumbent telecom operator providing broadband (including fiber) and TV nationwide. Overlaps with NTE Telekom in fiber and TV delivery, but at national scale and with mobile/fixed-line voice that NTE does not offer.
• Statkraft: State-owned Norwegian hydropower generator and Europe's largest renewable energy producer. Comparable on the renewable generation side of NTE's business, though Statkraft operates at much larger scale and is generation-focused rather than retail/integrated.

Regional players

• TrønderEnergi: Norwegian regional energy group headquartered in Trondheim with hydro generation, electricity retail, and adjacent services operating in the same Trøndelag geography as NTE. Direct regional competitor in supply and generation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/nte-nord-tr
• LinkedInlinkedin.com/company/nte-holding

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nord-Trøndelag Elektrisitetsverk