Telenor offers investors a diversified portfolio of telecom assets with strong market positions and solid profitability in eight markets across the Nordics and Asia. We believe Telenor differs from most other European operators due to its presence both in the robust Nordic markets and in developing markets in Asia.
Telenor is led by an experienced management team committed to driving value creation through improved operational performance. This has enabled a strong and consistent shareholder remuneration. The current dividend policy aims at a year-on-year growth in ordinary dividend per share. In addition, we have run several share buyback programmes in recent years. This is a tool we may use when we see we have the financial flexibility.
Telenor holds majority ownership in our core telecom assets, enabling us to have a strong governance model and transparent financial communication across all markets where we are present. We consider good corporate governance to be a prerequisite for trustworthiness, value creation and access to capital.
In recent years, we have embarked on a significant modernisation journey in Telenor. This has enabled us to materially reduce the operating expenditures. We believe continued modernisation and digitalisation in the coming years will enable us to further drive operational efficiency. We believe in revenue growth from increased data usage and real penetration in Asia, and accretive upselling from 5G and adjacent services in the Nordic markets. In combination with a global procurement scale and an efficient capital allocation framework, we are committed to driving further value creation for Telenor shareholders.