Telenor and Cisco Strengthen Partnership to Support Critical Infrastructure Transitions for Telcos; Scale Joint Venture WG2 for Global Operations
OSLO, Norway, and SAN JOSE, Calif., June 25, 2020 – Telenor and Cisco announced today the signing of the third iteration of the Joint Purpose Agreement between the companies, outlining areas where they will strengthen focus together including security, 5G, Open vRAN, B2B expansion, distributed cloud and furthering Telenor Group’s digital transformation to support its flexible way of work approach.
Telenor Group divests shares in Wave Money
(Fornebu, 24 June 2020) Telenor Group will divest its shares in Digital Money Myanmar Limited (“Wave Money”) to Yoma Strategic Holdings Ltd.
Telenor’s Post-Pandemic Predictions
(Fornebu/ Singapore, 10 June 2020) The COVID-19 crisis has unearthed new considerations for infrastructure, employment and privacy. Telenor Research outlines three key predictions that could characterise our new world.
Telenor launches a Nordic Hub to stimulate growth across its Nordic markets
A lean team in Telenor’s new Nordic Hub will work to strengthen key areas, such as 5G, IoT, and the business and SME segment, across the company’s Nordic markets.
Viasat Consumer and Canal Digital merger completed
Today, the previously announced combination of Viasat Consumer and Canal Digital into a new joint venture company was completed. The two TV distributors have now become one, and the new company will go by the name Allente.
Canal Digital and Viasat Consumer venture approved
The European Commission has today approved the previously announced combination of Canal Digital, Telenor Group’s satellite pay-TV business, with Viasat Consumer, Nordic Entertainment Group’s satellite pay-TV and broadband-TV business, into a new joint venture company. Telenor Group and Nordic Entertainment Group will each hold 50% of the shares of the new company.
Solid first quarter financial performance despite early indications of COVID-19 consequences
(Fornebu, 28 April 2020) – Telenor delivers a solid financial quarter, meeting the increasing need for connectivity across all markets. Telenor’s operations are demonstrating robustness as COVID-19 impacts performance in many markets.
Telenor to step up its contribution to society
Telenor Group is stepping up its contribution to societies with several initiatives to help health authorities, business and individuals to fight the effects of the Coronavirus.
Tone H. Bachke to become new Group CFO in Telenor
Effective from 1 May 2020, Tone Hegland Bachke (47) will join the Group Executive Management team, and become Chief Financial Officer for Telenor Group. Bachke currently holds the position as Head of Group Treasury in Telenor.
Jørgen C. Arentz Rostrup to lead Telenor’s unified Asia business
By uniting the markets in Asia into a single unit, Telenor strengthens the focus on its growth and modernisation agenda, and positions itself to capture opportunities in the region. Jørgen C. Arentz Rostrup assumes the Head of Asia position on 1 May 2020.