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.
Halfway through 2019, strategic direction confirmed
(Fornebu, 16 July 2019) “The strategic agenda we initiated two years ago continued to bear fruit in the second quarter. Although organic subscription and traffic revenues declined by 1 percent, the EBITDA margin was 40 percent and we saw positive revenue development and effects from efficiency and modernisation programmes. Our underlying financial performance remains stable.
Negotia and Telenor present Norway’s first declaration for responsible use of AI to Digitalisation Minister Nikolai Astrup
(Fornebu, 2 July, 2019) Norway’s Minister for Digitalisation, Nikolai Astrup, will today be presented with a declaration for the responsible use of artificial intelligence in working life by central actors in Norwegian business, spearheaded by Telenor Group and Negotia. It is the first time such a joint declaration has been developed in Norway and it could serve as an important foundation for the Government’s development of a national strategy for artificial intelligence.
General meetings in PHP and Finda approve sale of stakes in DNA to Telenor
Reference is made to Telenor’s stock exchange announcement on 9 April 2019 regarding agreements with PHP Holding Oy and Finda Telecoms Oy to acquire their respective stakes (in total 54 percent) in the Finnish telecom operator DNA. As scheduled, general meetings have today been held in PHP and Finda. Both general meetings approved the proposed […]
Telenor and Axiata enter discussions to merge Asian operations
(Oslo, Norway – 6 May 2019) Telenor Group and Axiata Group Berhad are in discussions regarding a potential non-cash combination of their telecom and infrastructure assets in Asia (MergeCo), in which Telenor would take a majority stake. It is anticipated that Telenor, based on equity value, will own 56.5% in MergeCo and Axiata will own 43.5%, both parties acknowledging that this is preliminary subject to adjustments and due diligence.