Telenor agrees to sell its Central and Eastern European assets to PPF Group for EUR 2.8bn
(Fornebu, Norway – 21 March 2018) Telenor has entered into an agreement to sell its assets in Central and Eastern Europe (CEE) to PPF Group for EUR 2.8 billion (around NOK 27 bn) on an enterprise value basis. The Board of Directors of Telenor intends to ask the Annual General Meeting (AGM) for authorisation to distribute a special dividend of NOK 4.40 per share.
Lars-Åke Norling to step down as Chief Executive Officer of dtac
(Bangkok, 14 March 2018) Telenor’s subsidiary in Thailand, Total Access Communication PLC (dtac), today announced that its CEO Lars-Åke Norling has decided to leave the company to pursue new opportunities. dtac has initiated the process of appointing a new CEO.
Telenor Group and Ant Financial in strategic partnership to deliver inclusive financial services in Pakistan
Telenor Group has reached a strategic partnership agreement with Ant Financial Services Group (“Ant Financial”) in Pakistan, where Ant Financial will invest USD 184.5m for a 45% stake in Telenor Microfinance Bank (“TMB”), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services.
Green light for new national IoT initiative in Trondheim
Trondheim, 9 March 2018: The new IoT ProtoLab in Trondheim is opening its doors today for entrepreneurs, scientists and students who want to develop new Internet of Things services and products. The new powerhouse created by Telenor Group and Wireless Trondheim aims to increase innovation, new national competencies and promote competitiveness amongst Norwegian entrepreneurs.
Telenor Group and Cisco sign strategic agreement
Barcelona, Mobile World Congress, February 28, 2018 — Telenor Group and Cisco have signed a Joint Purpose Agreement (JPA) to collaborate on enhancing end customer experiences with data analysis, IoT, Smart City, and security solutions. The joint effort aims to accelerate Telenor Group’s continued transformation and digitalisation drive, and supports the joint pivotal role that both companies play in enabling superior experiences for Telenor customers.
Working Group Two readies commercial launch
BARCELONA, Mobile World Congress, February 27, 2018 — Working Group Two, the ground-breaking cloud based core network, is ready for commercial launch. Swedish mobile virtual network operator Vimla is the first commercial customer of the platform, which enables faster and scalable service innovation through making the mobile network programmable.
Telenor Group joins Telecom Infra Project
Telenor Group has joined the Telecom Infra Project (TIP). The global mobile operator will contribute to two TIP project groups focused on wireless networking: OpenCellular and mmWave.
Child Helpline International and Telenor Group team up to help children stay safe online
– A record number of nearly 25 million children and young people across the world contacted a child helpline in 2016. In response to this growing need for support, Child Helpline International and Telenor Group have partnered to build capacity among child helpline counsellors and are launching their first online training module on child online protection. This module is available to child helpline counsellors and volunteers around the world as of today.
Strong year for Telenor; continued transformation top priority in 2018
“In 2017, Telenor delivered a solid set of results due to strong execution from across the company and continued follow-through on efficiency measures and our strategy. We met our financial targets and reported strong financial results for the past year, marked by a 1% organic increase in revenues and total net cost reductions of NOK […]
Telenor has received expression of interest for its mobile operations in Central and Eastern Europe
Telenor has received inbound and unsolicited interest for its Central and Eastern Europe portfolio consisting of the mobile operations in Hungary, Bulgaria, Montenegro and Serbia.