Press releases
Jussi Tolvanen becomes new CEO of DNA
(Fornebu, 3 September 2021) Effective from 11 October 2021, Tolvanen will head Telenor Group’s Finnish subsidiary DNA. The company’s current CEO, Jukka Leinonen, will take on the role as Head of Telenor Group’s Nordic Cluster full-time. Leinonen continues his role in Telenor Group’s Executive Management.
Experts in new ‘Digital Outlook’ agree: digitalisation critical to ensuring green shift towards 2030
(Fornebu/Arendal, 17 August 2021) The U.N. Intergovernmental Panel on Climate Change (IPCC) has made it clear: we need much bigger and more drastic measures to combat the climate crisis. Both Telenor and leading Norwegian innovators point to digitalisation as an essential part of enabling greener and smarter ways of living, learning, and working in the next decade.
Back to growth
(Fornebu, 20 July 2021) «Telenor returned to growth in the second quarter. The growth was driven by strong performance in the Nordics combined with a growing subscriber base and increased data consumption in the Asian markets. Subscription and traffic revenues increased by 2%. Combined with progress on the modernisation agenda this resulted in an EBITDA uplift of 4%.
Telenor Group sells Telenor Myanmar to M1 Group
(Fornebu, 8 July 2021) Telenor Group has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD (approximately 900 million NOK), of which 55 million USD (approximately 470 million NOK) is a deferred payment over five years. The transaction corresponds to an implied enterprise value of approximately 600 million USD (approximately 5.2 billion NOK). M1 Group will acquire all the shares in Telenor Myanmar and continue the current operation.
Bjørn Ivar Moen appointed CEO of Telenor Sweden
(Fornebu, 1. July) The current CEO of Allente to head Telenor’s Swedish business from 1 October.
Axiata, Telenor and Digi Sign Transaction Agreements for the Proposed Merger of Celcom and Digi
(Oslo/Kuala Lumpur, 21 June 2021) Axiata Group Berhad (“Axiata”), Telenor Asia Pte Ltd (“Telenor”) and Digi.Com Berhad (“Digi”) (together “Parties”) announced that they have successfully concluded the due-diligence exercise and signed the Transaction Agreements for the proposed merger of Celcom Axiata Berhad (“Celcom”) and Digi (together “MergeCo”).
Kaaren Hilsen to head Telenor’s new tower company
(Fornebu, 1 June) Kaaren Hilsen, current CEO of Telenor Sweden, is appointed CEO of Telenor Tower Holding AS from 1 September 2021.
Steady performance in the first quarter
(Fornebu, 4 May 2021) «Our digitalisation journey continued in the first quarter of 2021 enabling us to add 5 million subscribers and yielding an opex decrease of 7%. Despite a decline in subscription and traffic revenues of 4%, this enabled us to deliver an organic EBITDA decline of 2% and a free cash flow of NOK 3.8 billion.
Telenor and Axiata in advanced discussions to merge Malaysian operations
(8 April 2021) Telenor Group and Axiata Group Berhad (“Axiata”) are in advanced discussions regarding a potential merger of its Malaysian mobile operations Digi and Celcom, in which the parties will have an equal ownership of 33.1 percent each. The new company will be a leading provider of telecommunication services in the country, with competence and scale to meet increasing expectations and demand from a digitally connected society.
Telenor gathers strength in IoT for the 5G era
(Fornebu/Stockholm, 25 March 2021) Businesses searching for world class Internet of Things solutions will find that Telenor’s new operating model brings the best capabilities and competence to every customer, today and in the future.
