Steady strategy execution continues to yield results
(Fornebu, 23 October 2019) “The performance in the third quarter reflects continued strong execution on our strategy, focusing on growth, efficiency and simplification. Overall, the Group delivers an almost flat organic subscription and traffic revenue growth and organic EBITDA decline of 2%, when adjusting for project costs this quarter and non-recurring items last year. Our cost base remained stable, excluding DNA and project costs.
Telenor Group and NENT Group to merge Canal Digital and Viasat Consumer
(Fornebu/Stockholm, 22 October 2019) Telenor Group and Nordic Entertainment Group (NENT Group) today announced the formation of a new company that combines Canal Digital and Viasat Consumer (satellite pay-TV & broadband-TV operations). This will create a vibrant Nordic TV distribution business and capture synergies in a maturing direct-to-home (DTH) segment. Telenor and NENT Group will each hold 50 percent of the new company.
Telenor reports ownership of nearly 95 percent of Finnish telco, DNA; begins process to form a new Nordic cluster
(Fornebu, 27 September 2019) After completing the initial mandatory tender offer (MTO) period for shares in Finnish telco, DNA, Telenor Group today reports a preliminary holding of 94.36 percent of DNA shares and will extend the MTO offer period until 10 October 2019.
Telenor launches Scandinavia’s largest 5G pilot in Norway
(Elverum, 26 September 2019) Telenor today opened Scandinavia’s largest 5G pilot in the Norwegian municipality of Elverum, making Telenor Norway the country’s first operator to integrate 5G into its mobile network.
Tender offer period for DNA shares runs through 26 September
(Fornebu, 23 September 2019) On August 29, Telenor launched a mandatory public tender offer for all of the remaining issued and outstanding shares in Finnish telecommunications company, DNA. The offer period ends on 26 September 2019.*
Axiata and Telenor have agreed to end discussions on the Proposed Transaction
(Fornebu,6 September 2019) Axiata Group Berhad and Telenor Group have mutually agreed to end discussions regarding a non-cash combination of their telecom and infrastructure assets in Asia (the “Proposed Transaction”).
Telenor completes DNA transaction, announces mandatory tender offer for remaining shares in DNA
(Fornebu, 21 August 2019) Telenor Group announced on 9 April 2019 that it had entered into separate agreements with Finda and PHP to acquire 54% of the shares in the Finnish telecom operator DNA for EUR 20.90 per share in cash, in total EUR 1.5 billion (approx. NOK 15 billion). Following approval by the general meetings of the sellers and required regulatory approvals, the transaction has today been completed. In Telenor Group’s financial reporting, DNA will be consolidated from 21 August 2019.
Nordic CEOs meet with region’s Prime Ministers to accelerate sustainability action on climate and diversity
(Reykjavik, Iceland, 20 August 2019) The Nordic CEOs for a Sustainable Future, an alliance of the leaders of the Nordic region’s leading businesses, today met with the Prime Ministers of the five Nordic countries to discuss a collaborative approach to addressing sustainability challenges.
Telenor, NHH and NTNU to establish a new knowledge powerhouse to fuel growth and develop new industries
(Arendal, Norway,13 August 2019) Some of Norway’s key knowledge institutions join forces to contribute to the country’s digital success: NHH, NTNU and Telenor are establishing an open collaboration arena for digital transformation and innovation.
Change to the Board of Directors of Telenor ASA
René Richard Obermann will step down as Board Director of Telenor ASA on the 1 August 2019.