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.
Solid start to the year, attracting 2.3 million new customers
(Fornebu, 30 April 2019) “The results for the first quarter 2019 reaffirm our efforts and ability to attract new customers, create value and modernise Telenor. The operational and financial performance was in line with our expectations.
New weapon against drug resistant malaria: Big Data, says Telenor Research
(Fornebu, 25 April 2019) A new study has found that combining malaria genetic data with human mobility data from mobile networks can help map and predict the spread of drug-resistant malaria. The study was conducted by the Harvard TH Chan School of Public Health, Telenor Group, Mahidol-Oxford Research Unit and the National Malaria Elimination Programme in Bangladesh.
Telenor to acquire majority stake in the Finnish telecom operator DNA
(Fornebu, 9 April 2019) Telenor Group has today entered into agreements to acquire 54% of the shares in the Finnish telecom operator DNA Plc for EUR 20.90 per share in cash, in total EUR 1.5 billion (approx. NOK 14.4 billion). With the transaction, Telenor gets a strong position across fixed and mobile in an attractive and growing telecom market, and further strengthens its position in the Nordic region.
Telenor Pakistan CEO to lead Telenor Group’s Emerging Asia Cluster
(Fornebu, 25 March, 2019) Telenor Group today announced that effective 1 April, 2019, Irfan Khan, CEO of Telenor Pakistan, will assume additional leadership role as Telenor Group Executive Vice President and Cluster Head for Emerging Asia, joining Telenor Group’s Executive Management Team.
Cisco and Telenor Group extend partnership to collaborate on cloud, security and Open vRAN for 5G
(Mobile World Congress, Barcelona, 27 February, 2019) Cisco CEO Chuck Robbins and Telenor Group CEO Sigve Brekke met today to further strengthen the companies’ strategic collaboration by signing a Joint Purpose Agreement 2.0.
Telenor Group and Nokia to pilot 5G capabilities in Denmark
(Mobile World Congress, Barcelona, 25 February 2019) Telenor Group and Nokia today announce a joint trial in Denmark designed to verify 5G capabilities such as enhanced Mobile Broadband and Ultra-Reliable Low-Latency Communication for commercial use cases.