(Telecompaper) Norwegian operator NextGenTel has recommended a voluntary cash offer that Telecom Holding 3 intends to make of NOK 14.00 per share for all of NextGenTel's issued and outstanding stock, valuing it at just under NOK 326 million. The offer is a premium of 18.1 percent over the closing price on 14 February and 25.4 percent over the volume-weighted average price in the previous three months.