Nordic operator group Tele2 said it is “evaluating strategic opportunities” in Norway, after failing to secure 4G spectrum in the country late last year.

In a statement, the company said options include a strategic partnership, divestment of operations, or continued organic growth of the business within Tele2.

“Exploring various strategic options is an on-going part of our responsibility towards our shareholders. However, we cannot speculate on the potential outcomes of any such discussions,” said Mats Granryd, CEO and president of Tele2.

The company is being advised on the different options by Norwegian investment bank ABG Sundal Collier. It stressed that no decision has been taken, with further announcements to be made when appropriate.

At the beginning of February, Granryd expressed concern about the uncertainty hanging over the business after its failure to win 4G spectrum in Norway.

“The situation in Norway will be addressed in a way that maximises value for shareholders,” he said.

It had been reported that Tele2 was in talks with Access Industries, Norway’s surprise new mobile entrant, about how it might revive its 4G ambition in Norway.

The company previously committed to launch 4G in Norway on 1 May, using existing spectrum.

Tele2 has around 15 million customers in 10 countries and reported net sales of SEK30 billion ($4.65 billion) and EBITDA of SEK 6 billion for 2013.