Telenor

Telenor ASA
Allmennaksjeselskap
Traded as OSE: TEL
Industry Telecommunications
Founded 1855, 1970
Headquarters Fornebu, Norway
Key people
 Sigve Brekke (President and CEO), Gunn Wærsted (Chairman of the Board)
Products Fixed line and mobile telephony, internet, digital television, IT services, IPTV
Revenue IncreaseNOK 131.40 billion (2016)[1]
IncreaseNOK 46.50 billion (2016)[1]
IncreaseNOK 2.80 billion (2016)[1]
Total assets NOK193.755 billion (end 2014)[2]
Total equity NOK68.505 billion (end 2014)[2]
Owner Government of Norway (54%)
Number of employees
 35,121 (end 2014)[2]
Website www.telenor.com

Telenor ASA (OSE: TEL; Norwegian pronunciation: [²teːlənuːr] or [teləˈnuːr])[3] is a Norwegian multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, focus in Scandinavia, Eastern Europe and Asia. It has extensive broadband and TV distribution operations in four Nordic countries, and a 10-year-old research and business line for Machine-to-Machine technology. Telenor owns networks in 13 countries, and has operations in 29 countries (including their 14.6% ownership of Veon).[4]

Telenor is listed on Oslo Stock Exchange and had a market capitalization in November 2015 of kr 225 billion, making it the third largest company listed on the Oslo Stock Exchange after DNB and Equinor (former named Statoil).[5]

History

Telenor headquarters at Fornebu just west of Oslo, Norway. This is the western section containing group staffs and - as tenants - the offices of Huawei Norway.
Telenor headquarter eastern section, containing Telenor Broadcast and Telenor Norway.
CEO Sigve Brekke, who heads the Telenor Group since August, 2015.
Former CEO Fredrik Baksaaas (left) with Ericsson CEO Carl-Henrik Svanberg, 2008.
Old style Telenor Mobile SIM, with the former company logo.
Kjell Holler (right) was a Norwegian industrialist who headed Televerket, after having served as Minister of Industry of Norway.

Telegraph

Telenor started off in 1855 as a state-operated monopoly provider of telegraph services named Telegrafverket. The first Norwegian planning for a telegraph were launched within the Royal Norwegian Navy in 1848, but by 1852, the plans were public and the Parliament of Norway decided on a plan for constructing a telegraph system throughout the country. Televerket began by connecting Christiania (now Oslo) to Sweden (Norway was at that time in a union with Sweden) as well as Christiania and Drammen. By 1857 the telegraph had reached Bergen on the west coast via Sørlandet on the south coast, and by 1871 it had reached Kirkenes on the far north coast. Cable connections were opened to Denmark in 1867 and to Great Britain in 1869. The telegraph was most important for the merchant marine who now could use the electric telegraph to instantly communicate between different locations, and get a whole new advantage from better logistics.[6]

Telephone

The first telephone service in Norway was offered in 1878 between Arendal and Tvedestrand, while the first international telephone service between Christiania and Stockholm was offered in 1893. Automation of the telephone system was started in 1920 and completed in 1985. In 1946 the first Telex service was offered, and in 1976 satellite telephone connections to the Norwegian merchant navy, at the time the largest in the world and to oil platforms in the North Sea were made operational. This is the start of Inmarsat Satellite Communication, and formed the first steps to digitalise the telephone network in 1980 - 85.[7]

Televerket opened its first manual mobile telephone system in 1966, being replaced with the automatic NMT system in 1981 and the enhanced NMT-900 in 1986. Norway was the first country in to get an automatic mobile telephone system. The digital GSM system came into use in 1993. The third generation of mobile technology with UMTS system began full operation 2004.[8] The Opera web browser was created in 1994 by Jon Stephenson von Tetzchner and Geir Ivarsøy during their tenure at Telenor, and Opera Software was established in 1995 when they went on to continue development of their browser..Telenor and Huawei conducted a successful test of 5G with 70 Gbit/s Speeds in Lab environment.[9]

Deregulation and internationalisation

The corporation changed its name to Televerket in 1969. In 1994, then the Norwegian Telecom was established as a public corporation. The telecom sector in Norway, was deregulated in stages between 1994 and 1998. An attempt to merge Telenor with its counterpart in Sweden, Telia, failed in 1999, while both still were owned by their respective governments. On December 4, 2000 the company was partially privatised and listed on Oslo Stock Exchange and NASDAQ. The privatisation gave the company NOK 15,6 billion in new capital, with the Government of Norway owning 77.7% of the company. As of 2014, the Norwegian government holds 53.97% of the Telenor shares directly and another 4.66% through the Pension Fund.[10]

In the second half of the 1990s, Telenor began mobile operations in other countries: Russia (1994), Bangladesh, Greece, Ireland, Germany and Austria (1997), Ukraine (1998), Malaysia (1999), Denmark and Thailand (2000), Hungary (2002), Montenegro (2004), Pakistan (2004), Slovakia, Czech Republic, Serbia (2006), Myanmar (2014). Operations in Greece, Ireland and Germany were sold in 1999/2000 and profits were re-invested in emerging markets. In October 2005 Telenor acquired Vodafone Sweden, changing the name to Telenor in April 2006. On 31 July 2006, Telenor acquired 100 per cent share of mobile operator Mobi 63, one of two mobile operations existing in that moment in Serbia for 1.513 billion euros.[11]

In March 2018, Telenor sold its business in Southeast Europe (Bulgaria, Hungary, Montenegro and Serbia) to the PPF Group, for a sum of 2.8 billion euros.[12]

Operations

Telenor offers a full range of telecommunication services in Norway, including mobile and fixed telephony as well as Internet access and content. Telenor still dominates the market place in Norway. However, competition has at times been intense in the mobile market and ADSL market, but Telenor remains the largest company in both sectors.

The group holds a prominent position in the Scandinavian Broadband and TV market, both with regard to the number of subscribers and to the extent of coverage. The TV distribution is branded Canal Digital.

It formerly provided a range of services related to satellite communication, including voice, television and data before its Telenor Satellite Services division was purchased by Vizada in 2007.

Telenor Maritime Radio is responsible for the infrastructure for maritime radio communication in Norway, and also includes five manned coast radio stations whose primary purpose is to monitor the maritime radio traffic (over e.g. VHF and MF bands) and to assist marine vessels in distress.

Telenor Cinclus develops and sells products related to automatic meter reading and other technologies related to machine to machine communication.

The group also owns 30.2% of Evry (formerly held as 51.8% of the same company under the previous name EDB Business Partner, that offers a wide range of IT-services. The company is listed on Oslo Stock Exchange.

Telenor has sold a number of divisions after its privatisation, including Bravida,[13] the former installation division and Findexa, now part of Eniro that is responsible for telephone directories. The browser vendor Opera Software originated in Telenor's R&D department.[14]

Mobile

At year-end 2005, Telenor held controlling interests in mobile operations in Norway, Denmark, Sweden, Serbia, Ukraine, Hungary, Montenegro, Thailand, Malaysia, Bangladesh, India and Pakistan. Telenor also holds minority interests in mobile operations in Russia, having recently sold a minority share in Austria.

In October 2006, the group entered into an agreement with Vodafone Group for the acquisition of subsidiary Vodafone Sweden for a consideration of NOK 8,170 million, including assumption of debt.

Effective from 26 October 2005, the group increased its economic stake in Total Access Communication (DTAC) in Thailand to 56.9 per cent. Following further transactions based on mandatory tender offers, Telenor's economic stake was raised to 69.3 per cent by year-end 2005.

As Telenor's mobile commitments in Asia and Eastern and Central Europe became increasingly important, the group has appointed dedicated Executive Vice Presidents for these regions. Telenor has also strengthened the co-ordination of operational and human resources across all the countries in which the group has operations through the appointment of two new Executive Vice Presidents to the Group Executive Management.

During 2005, Telenor successfully extracted a number of cross-border synergies across the group. Common technologies for optimal spectrum and network utilisation have been implemented at each of the group's operations, and Telenor maintains its focus on adopting new technologies to improve service quality and reduce costs.

In order to harmonise the group's customer orientation across all markets, Telenor has developed a common segmentation model that enables more effective targeting, while also providing greater insight into the global markets. Telenor has developed a framework that provides affiliates with a proven concept of developing target segmented offerings and optimised go-to-market strategies.

Revenues from voice services include traffic charges, interconnection fees, and roaming charges. All of Telenor's mobile operations derive the greatest share of their total revenues from voice services, and Telenor continues to focus on developing new products, services and initiatives to increase Telenor's customer base and encourage higher usage.

Fixed-line

In Norway, Telenor provides communications solutions on a retail basis to both residential and business customers. Analogue services "PSTN" are not provided in Norway, (PSTN) is emulated over (ISDN. Telenor offer telephony termination, as well as broadband voice services over Internet Protocol (VoIP), Internet access via PSTN/ISDN and digital subscriber lines (xDSL), value-added services and leased lines. Norway has one of the highest numbers of DSL lines per capita, currently at over 80% of households and steadily growing.

Through the acquisitions of Bredbandsbolaget[15] and Cybercity, made in July 2005 for NOK 4.5 billion and NOK 1.3 billion, respectively, Telenor has gained a strong position in the fast-growing broadband markets in Sweden and Denmark. Bredbandsbolaget is Sweden's second largest provider of broadband services, offering full triple-play with high-speed Internet, VoIP and Internet Protocol (IP) television services on an all-IP fibre and xDSL network. Cybercity is Denmark's third largest broadband supplier, providing xDSL-based Internet access and voice services to both residential and business customers.

On 8 February 2006, Telenor increased its shareholding in the Swedish residential voice and broadband provider Glocalnet AB by 13.5 per cent, for a consideration of SEK 136 million (NOK 118 million), to secure a 50.1 per cent ownership interest.[16] The acquisition triggered a mandatory offer for all outstanding shares in Glocalnet AB. This offer was valid until 21 April 2006. As at 28 March 2006, Telenor holds a 96.6 per cent ownership interest in Glocalnet.[17]

In the fourth quarter of 2005, Telenor disposed of its operations in the Czech Republic and Slovakia with a loss of NOK 63 million.

In 2009, Norwegian performing rights agency TONO and the Norwegian section of the International Federation of the Phonographic Industry (IFPI Norge) attempted to force Telenor to block the Pirate Bay BitTorrent website. After several court judgements in favour of the ISP, the case was finally dropped, with an admission from TONO that under Norwegian law the ISP cannot be compelled to block access to the site.[18]

Research

Telenor Research is Telenor’s corporate unit for research. The unit conducts research and delivers research based advice on topics such as market, technology, data analytics, innovation and organization. Telenor Research provides research based analysis and strategic recommendations to the Telenor Group, as well as to the individual Business Units across Telenor markets. Telenor Research’s mission is to create business value for Telenor through applied research.

Machine-to-machine

Telenor started exploring the M2M potentials in 2000, when Telenor R&D established a project both aimed at technology, services and business models. This was further spurred when Telenor acquired the Swedish mobile company Europolitan, which contained parts of Vodafone's research capabilities in the area. As a result, two separate companies have been established: Telenor Connexion in Stockholm, Sweden (aiming higher up in the M2M value chain), and Telenor Objects (aiming further down in the value chain). The initiative has resulted in a substantial market share of Europe's fast-growing M2M market and is being used by Nissan in Europe to connect its customers Electric Cars.[19]

Broadcast

Telenor's wholly owned subsidiary Canal Digital is a leading TV content distributor in the Nordic region with about 2.7 million customers in 2011.[20]

Telenor also operates the national terrestrial broadcast network in Norway, through its subsidiary Norkring. It is also part owner of Norges Televisjon and the content provider RiksTV.

Thor is a satellite-family owned by Telenor. On 11 February 2008 the THOR 5 satellite was launched into geostationary orbit by a Proton rocket. The launch was provided by International Launch Services using a launch vehicle built by Khrunichev Space Center.[21] Telenor operates three satellites from its satellite control centre at Fornebu (Thor2, Thor3 & Thor5), with Thor6 being launched in 2009.

International activities and markets

Telenor world locations 2009.
The Telenor polar operational center at Longyearbyen, Svalbard
Telenor (Grameenphone) franchise retail center in Tejgaon, Bangladesh.
Telenor Denmark headquarters in Copenhagen
The Hungarian headquarters
Telenor headquarter in Airport City of Belgrade, Serbia.
Telenor Sweden Stockholm office.
Country Operator Native name Website
 NorwayTelenor NorwayTelenortelenor.no
 SwedenTelenor SverigeTelenortelenor.se
 DenmarkTelenor DenmarkTelenortelenor.dk
 IndiaTelenor IndiaTelenortelenor.in
 Thailanddtacดีแทคdtac.co.th
 MalaysiaDiGidigidigi.com.my
 BangladeshGrameenphoneগ্রামীণফোনgrameenphone.com
 PakistanTelenor Pakistanٹیلی نارtelenor.com.pk
 MyanmarTelenor Myanmarတယ်လီနောtelenor.com.mm

In 2018 Telenor has agreed to sell its operations in Bulgaria (Telenor Bulgaria), Hungary (Telenor Hungary, Telenor Common Operation), Montenegro (Telenor Montenegro) and Serbia (Telenor Serbia) to PPF.[22]

Bangladesh

Launched in 1997, Grameenphone was the first Telenor venture in the Asian telecom market. Today, Grameenphone is the largest mobile operator in Bangladesh, serving more than 50 million subscribers as of third quarter 2014; Telenor and its partners have boosted network capacity and extended coverage to new and often remote areas, connecting millions of previously unconnected people. Telenor holds 55.8 per cent of Grameenphone. Grameenphone started trading its shares on the stock exchanges in Dhaka and Chittagong on November 16, 2009. The headquarters are located in Dhaka.

Bulgaria

At the end of April 2013 Telenor acquired the second largest mobile operator in Bulgaria - Globul, along with the telecom retailer Germanos for 717 million euro.[23]

In the late 2015 (December), Telenor Bulgaria launched their 4G network - they were the first of the three large Bulgarian telecoms to do so. By April 2016, all residential areas with a population over 5000 were covered, and 75% of the Bulgarian population had access to 4G. In October, it was 76% - and the company has promised that they will expand their network and bring that number to 78% by the end of the year.[24] Telenor Bulgaria also won the "Fastest mobile network in Bulgaria award" - awarded by Ookla.[25]

Myanmar

In February 2013, Telenor participated in the bidding for newly available Myanmar mobile licences.[26]

On 27 June 2013, it was announced that Telenor had been awarded one of two 15-year contracts for telecom development in Myanmar.[27]

In November 2014, Telenor and Yoma Bank announced their cooperation to provide mobile banking to Myanmar.[28] The aim of their cooperation is to provide access to financial services to people who do not have bank accounts.[29] As of December 2016, it had more than 18 million subscribers.

Denmark

In Denmark Telenor owns the following companies: Telenor Denmark which is Denmark's second largest provider of mobile telephony with 1.8 million subscribers and which provides IP telephony and broadband and has 280.000 customers. Tele2 which provides telephony and internet. CBB Mobil which provides low cost prepaid mobile telephony. In spring 2009 Telenor also acquired the low cost operator Bibob.

On 15 June 2009 Sonofon, Cybercity and Tele2 were unified under one international brand - Telenor.

Furthermore, the digital distributor of TV-channels Canal Digital owned by Telenor is also present in Denmark.

Finland

Telenor's operations in Finland are fixed datacom and Canal Digital.

Hungary

The company offers mobile telephony, has 3 million subscribers and a market share of 33%. Telenor is headquartered at Törökbálint in the Budaörs ward of Budapest.

India

Telenor (India) Communications is a wholly owned company of Norway-based Telenor Group and offers mobile telephony services under the brand Telenor. The company launched it services in 2009 and till recently was known as Uninor in the market. Telenor’s pre-paid GSM mobile services are commercially available in the six circles of UP (West), UP (East), Bihar (including Jharkhand), Andhra Pradesh, Maharashtra and Gujarat. It will soon start commercial operations in Assam. Together, these circles account for more than 50% of India’s population giving Telenor the ability to serve every second person in India.

Sale to Bharti Airtel

On 2 January 2017, The Economic Times reported that Bharti Airtel had entered into discussions with Telenor India to acquire the latter.[30][31] On 23 February 2017, Airtel announced that it had entered into a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor (India) Communications Pvt. Ltd. As part of the deal, Airtel will acquire Telenor India's assets and customers in all seven telecom circles that the latter operates in - Andhra Pradesh, Bihar, Maharashtra, Gujarat, Uttar Pradesh (East), Uttar Pradesh (West) and Assam. Airtel will gain 43.4 MHz spectrum in the 1800 MHz band from the Telenor acquisition.[32][33]

Malaysia

Telenor holds a 49% stake in DiGi Telecommunications, Malaysia's third largest mobile telephony company.[34]

Valyou Sdn Bhd (766531-U) is a licensed money services business (MSB) that provides multi-country international remittance services and is an approved issuer of e-money in Malaysia. Acquired in May 2016 by Telenor Group, Valyou Sdn Bhd was formerly known as Prabhu Money Transfer.[35]

Montenegro

Telenor Montenegro is Telenor's subsidiary in Montenegro and offers mobile telephony.

Pakistan

Telenor Pakistan is a wholly owned subsidiary that started operations on 15 March 2005 and holds one of the five mobile licences in Pakistan. It's also the fastest-growing cellular network of Pakistan - this may be attributed to their aggressive marketing and advertising campaign.

As of July 2013, Telenor Pakistan subscriber-base exceeds 31 million, making it the second largest telecom operator in the country.[36] Telenor also holds the second largest GSM and the largest GPRS and EDGE coverage in Pakistan which competes with that of Ufone. The company has also started operations in the remote northern areas of Pakistan. Telenor reached its breakeven in the first quarter of 2007. Telenor proactively participated in the earthquake disaster relief, and carried out a campaign for the welfare of flood victims in Balochistan. The current CEO of Telenor Pakistan is Michael Foley and the CTO is Khurrum Ashfaque.

On 24 April 2014, Telenor Pakistan acquired a 3G license.

Serbia

Telenor owns 100% of Telenor Serbia, one of the three mobile vendors in Serbia and had a customer base of 0 million subscribers in the fourth quarter of 2011. It was the first mobile operator in the Serbian market when it was founded in 1994 as Mobtel Srbija. In 2014, Telenor Serbia took over KBC banka in Serbia, and re-branded it as Telenor banka, Serbia's first fully mobile bank.[37] However, in July 2017, a strategic partnership contract was signed with River Styxx investment fund, which took over 85% of Telenor banka's capital, while Telenor kept a 15% share.[38]

Sweden

Telenor owns a number of different companies in Sweden. Telenor Sverige AB is the result of Telenor's purchase of Vodafone Sweden in 2005, offering mobile telephone services with a market share of approximately 15%. Telenor also owns Bredbandsbolaget, Sweden's second largest provider of broadband and the largest provider of IP telephony. Canal Digital offers TV distribution as well. In 2006 Telenor Sweden purchased Glocalnet, Sweden's fourth largest complete provider of telecom services. Telenor Sverige AB‘s headquarters is on Katarinavägen in Stockholm.

In Sweden, Telenor also holds a joint venture company with Swedish operator Tele2 named Net4Mobility. This enables Telenor to provide its Swedish customers with 2G and 4G (LTE) services.

Thailand

Telenor holds an indirect position in DTAC, a mobile telephony company in Thailand. As of April 2016, DTAC has about 26 million users, making DTAC the second-largest mobile operator in the Thai market. DTAC launched dtac Super 4G using 1800Mhz spectrum and 20Mhz bandwidth, with speeds up to 150Mbit/s and coverage 882 Amphoe in Q3, 2016.

Ukraine, Russia, Italy and other countries

In 2012 Telenor increased their ownership of VimpelCom Ltd. (Veon) (Brands: Beeline, WIND, Kyivstar, Orascom Telecom) to 35.7% (with 42.95% of the voting rights).[39] However, Telenor concluded in 2015 to fully divest in Vimpelcom, and issued trenches of its shares on sale in international capital markets.[40] The ownership stake was reduced first to 25%, and by October 2017 Telenor had reduced their ownership in Veon to 14.6%.[4]

Competitors

Telenor Group meets a handful of main competitors across several markets. In Europe, the main competition includes Telia (Sweden, Norway, Denmark), Deutsche Telekom (Hungary, Montenegro), and Telekom Austria (Serbia, Bulgaria). Including Europe and Asia, Telenor has been competing with Vodafone in both Hungary and India, though the latter competition ceased as Telenor divested from the Indian market. Axiata is a competitor both in Malaysia and Bangladesh. In 2017, Telenor was the largest operator in terms of market share in Norway and Bangladesh, while the company held second place in Denmark, Hungary, Serbia, Bulgaria, Montenegro, Pakistan, Thailand, Malaysia and Myanmar.[41]

Including the wholesale and broadcasting market, Telenor competes especially with Danish TDC, both in Denmark and Norway, where TDC owns the TV distributor Get AS. As a satellite operator, Telenor competes with several operators of geo-stationary broadcasting satellite services in Europe. Telenor has four TV and radio broadcasting satellites over Africa, Europe and the western Indian Ocean, and in the TV distribution market they compete first of all with the Viasat conglomerate (registered in Sweden), and the European distributor giant SES S.A. (Luxembourg). The market for satellite-borne radio and TV transmission is becoming increasingly competitive as more consumers switch to cable and fiber-based TV offers.

Norwegian Internet Exchange

In June 2007 Telenor announced that it would withdraw from the Norwegian Internet Exchange (NIX). It would allow other internet service providers to connect to Telenor's own exchange point, but wants to be able to charge content providers, like NRK or Schibsted, for prioritised access to their network. The Norwegian Post and Telecommunications Authority stated they would look at the legality of this move,[42] but concluded that the withdrawal from NIX would not negatively affect the Norwegian Internet infrastructure.[43] This raised demands that the network division be demerged from Telenor and made a separate company.[44] Critics feel that this move compromises the network neutrality of Norway,[45] especially since Telenor has a 57% market share domestically.[46] Telenor chose not to fulfill their threats, and continue to connect to NIX through a ten gigabit ethernet connection.

Telenor Youth Forum

Since 2013, Telenor has hosted the annual Telenor Youth Forum in Oslo, during the same week as the Nobel Peace Prize is awarded. The international gathering of students to discuss issues is a public relations enhancement for Telenor. Jimmy Wales was the keynote speaker at the 2015 Forum.[47]

Criticism

After Muhammad Yunus was awarded the Nobel Peace Prize in 2006, he claimed during his visit in Norway to receive the prize that Grameen Bank had a gentlemen's agreement with Telenor where Telenor was to sell part of GrameenPhone to the bank. Telenor was not interested in fulfilling this agreement, arguing it was not juridically binding.

Telenor's subsidiary Grameenphone was fined multiple times and later sued because they participated in illegal VOIP operations. VOIP operations went against the BTRC's (Bangladesh Telecommunication Regulatory Commission ) rules and as a result Grameenphone's offices were also raided in the process. BTRC claimed that the regulator and government was denied large revenue which Telenor/Grameenphone earned through these activities. Shortly after, Grameenphone's profits fell 32% when BTRC forced Grameenphone to cease VOIP operations.

A Danish TV documentary has revealed miserable working conditions and environmental violations at companies in Bangladesh that act as suppliers to GrameenPhone. Employees were shown working with hazardous chemicals and heavy metals virtually without protection. Workers were as young as 13 years, a clear violation of child labour laws. The firms were caught allowing polluted waste water to spill into nearby rice fields. And in one case, a worker was killed when he fell into an unsecured pool of acid.

Telenor opted to reveal some of the findings of the documentary even before it was aired.[48]

Nobel Peace Prize recipient and co-owner of Grameenphone, Muhammad Yunus, was considering taking legal action against Telenor, for the company's failure to stamp out the use of child labour by its subcontractors in Bangladesh. Telenor's CEO, Jon Fredrik Baksaas, promised to look into the matter.[49]

For a detailed description of Telenor's legal battle with Alfa Group over VimpelCom and Kyivstar, see: Alfa Group.

Telenor stake in Russian mobile phone company Vimpelcom were seized in April 2009 after Telenor refused to pay a $1.7 billion in damage compensation to Russian owner Farimex Ltd.[50] In October 2009, Telenor and Alfa Group reached an agreement that envisions an end to all ongoing legal disputes concerning VimpelCom and Kyivstar.[51]

2015 reduction of female leadership from 30% to 14.3%

In January 2016, media said that one of the first things done when the present chief had been appointed, was that Sigve Brekke reduced the percentage of females in the leadership from 30% to 14.3%.[52]

In January 2017, the Group Executive Management team was reshuffled and reduced to 12 members, 8 men and 4 women.[53]

2016 Chairman of the board's push for removing CEO

In December 2016, media wrote that chairwoman Gunn Wærsted has asked for the CEO, Sigve Brekke, to resign.[54] On 9 December the Minister of Commerce, who represents the majority ownership of the company, said that she has faith in chairwoman Wærsted.[55] Firing the CEO has not been a voting matter for the board, as of December 2016; however, a board meeting has been called for 12 December.[56]

2018 Telenor sued for violation of Norwegian agency laws and contractual breech

In June 2018, media wrote that Intofiber, a sales agency, had filed a lawsuit against Telenor for contractual breech and violation of Norwegian agency laws, suing Telenor for NOK 12 million.[57] By terminating the contract with just 3 days' notice on September 27 of 2017, effective October 1st, Telenor violated both Norwegian agency law regulating minimum termination periods as one month added at the beginning of every year in contract,[58] as well as the contract with Intofiber which stated that the contract’s minimum duration was until December 31, 2017. Case result pending.

Media also pointed out the irony that the same day Intofiber was terminated with a 3 days' notice, Telenor’s CEO Sigve Brekke released a statement on “Rules of Engagement ”,[59][60] to better regulate cooperation between big companies and startups, and to provide “predictability, mutuality and to avoid abuse of smaller companies cooperating with the giants of the industries”. Kapital pointed out that Sigve Brekke's fair weather prediction of improvement of cooperation on Telenor's part, didn't seem to apply to their sales agents.[57]

See also

References

  1. 1 2 3 . Telenor https://www.telenor.com/investors/annual-report-2016/#key-figures. Missing or empty |title= (help)
  2. 1 2 3 "Annual Report 2014" (PDF). Telenor. Retrieved 17 March 2015.
  3. ↑ Kristoffersen, Gjert (2007), The Phonology of Norwegian, Oxford University Press, p. 20, ISBN 978-0-19-823765-5
  4. 1 2 Global presence - Telenor website. Retrieved October 23, 2017.
  5. ↑ "Oslo Børs All Shares". Oslo Bors. Oslo Børs. Retrieved 9 December 2016.
  6. ↑ Pryser, Tore (1999) Norsk Historie 1814-1860, volume four of Norsk historie. Det Norske Samlaget, Oslo ISBN 82-521-5184-1
  7. ↑ "Archived copy". Archived from the original on 2006-08-23. Retrieved 2006-08-23.
  8. ↑ "Archived copy". Archived from the original on 2006-08-19. Retrieved 2006-08-27.
  9. ↑ "Telenor and Huawei Conduct Successful Test of 5G with 70 Gbps Speeds". Retrieved 4 April 2017.
  10. ↑ http://www.telenor.com/investors/major-shareholdings/
  11. ↑ Borović, Radovan (1 August 2006). "Telenor kupio Mobi 63 za 1,5 milijardu evra". slobodnaevropa.org (in Serbian). Retrieved 21 March 2018.
  12. ↑ Dagenborg, Joachim; Knudsen, Camilla (21 March 2018). "Norway's Telenor exits central Europe with $3.4 billion asset sale to Czech investor PPF". reuters.com. Retrieved 21 March 2018.
  13. ↑ Triton says sells Sweden's Bravida to Bain Capital Reuters, 12 May 2012. Retrieved 15 November 2013
  14. ↑ Arild Færaas (26 May 2012) Amerikanske medier: Facebook vurderer å kjøpe opp Opera Aftenposten. Retrieved 16 November 2013 (in Norwegian)
  15. ↑ "Investor AB - pressmeddelande". Cision Wire. Archived from the original on 2013-01-19. Retrieved 2005-05-23.
  16. ↑ "Telenor – press release". Cision Wire. Archived from the original on 2013-01-19. Retrieved 2006-02-08.
  17. ↑ "Telenor – press release". Cision Wire. Archived from the original on 2012-07-24. Retrieved 2006-03-28.
  18. ↑ "Pirate Bay legal action dropped in Norway". Computerworld UK. 2010-03-15.
  19. ↑ https://www.engadget.com/2010/12/20/european-nissan-leaf-gets-always-on-connection-lets-you-turn-up/
  20. ↑ Svensker vil kjøpe Canal Digital E24 Næringsliv. 1 September 2011. Retrieved 16 November 2013 (in Norwegian)
  21. ↑ "ILS Proton successfully launches THOR 5 satellite". ILS. Archived from the original on 2008-02-26.
  22. ↑ "Norway's Telenor exits central Europe with $3.4 billion asset sale to Czech investor PPF". Reuters. 2018-03-21. Retrieved 2018-03-21.
  23. ↑ acquires the second largest mobile operator in Bulgaria - Globul
  24. ↑ https://www.telenor.bg/en/4g-lte-network
  25. ↑ http://www.speedtest.net/awards/bg/carrier/2016
  26. ↑ "All eyes on the Myanmar leapfrog". Retrieved 2013-04-05.
  27. ↑ "Burma awards lucrative mobile phone contracts". BBC News. Retrieved 27 June 2013.
  28. ↑ James Barton (25 November 2014). "Telenor readying mobile money with Yoma in Myanmar". Developing Telecoms. Retrieved 2 October 2015.
  29. ↑ Jeremy Mullins and Aye Thida Kyaw (24 November 2014). "'Stay tuned' for mobile banking services from Yoma and Telenor, say CEOs". Myanmar Times. Retrieved 2 October 2015.
  30. ↑ "Airtel in advanced talks with Telenor to buy its India business". The Economic Times. Retrieved 13 February 2017.
  31. ↑ "Bharti Airtel in talks with Telenor to buy India business for $350 million: ET Now". The Economic Times. Retrieved 13 February 2017.
  32. ↑ Raj, Amrit (23 February 2017). "Airtel buys Telenor India amid battle with Reliance Jio". Mint. Retrieved 23 February 2017.
  33. ↑ "Telenor exits India as Airtel acquires local arm to fight Reliance Jio". Hindustan Times. 23 February 2017. Retrieved 23 February 2017.
  34. ↑ "Telenor Group _ DiGi, Malaydsia". telenor.com. Retrieved 20 April 2014.
  35. ↑ "Digital News Asia". www.digitalnewsasia.com. Retrieved 23 November 2017.
  36. ↑ Atta, Amir. "Pakistan crosses 125 million mobile users" ProPakistani.pk. Retrieved July 20, 2013.
  37. ↑ "Telenor kupio banku".
  38. ↑ "Bugarski investicioni fond kupio Telenor banku".
  39. ↑ "Telenor uses option to buy 3.5% of Vimpelcom from Sawiris". Interfax. 2012-10-01.
  40. ↑ Telenor Group announces intention to divest shares in VimpelCom Ltd - Press Release from Telenor Group, October 5, 2015.
  41. ↑ Telenor Group Q2 2017 Analytical Tool - "Analytical information". Accessed October 23, 2017.
  42. ↑ Dagens Næringsliv. "Vil granske Telenor" (in Norwegian). Retrieved 28 June 2007.
  43. ↑ Norwegian Post and Telecommunications Authority. "Telenors samtrafikkavtaler for internettrafikk" (PDF) (in Norwegian). Archived from the original (PDF) on 2008-05-28.
  44. ↑ Nettavisen. "EU vil splitte telegiganter" (in Norwegian). Retrieved 26 July 2007.
  45. ↑ Dagbladet. "Din frie adgang til nettet er truet" (in Norwegian). Retrieved 26 July 2007.
  46. ↑ Dagens IT. "Sjekk naboenes bredbåndslinjer" (in Norwegian). Archived from the original on 28 September 2007. Retrieved 26 July 2007.
  47. ↑ The News International. "Telenor Youth Forum in Oslo". Retrieved 10 Nov 2015.
  48. ↑ Addressing unacceptable working conditions in Bangladesh: https://web.archive.org/web/20080724104544/http://www.telenor.com/working-conditions-in-Bangladesh/. Archived from the original on July 24, 2008. Retrieved July 24, 2008. Missing or empty |title= (help)
  49. ↑ Norway Mail: Threatening Telenor with legal action to gain control over company
  50. ↑ Seized Telenor stake in a Russian company moves toward sale New York Times, 19 June 2009
  51. ↑ Telenor Archived 2009-10-08 at the Wayback Machine. - «Telenor and Altimo to Create a Leading Emerging Markets Mobile Operator», October 5, 2009.
  52. ↑ http://www.vg.no/nyheter/innenriks/telenor/telenors-ferske-styreleder-om-brekkes-kvinneprofil-altfor-daarlig/a/23605263/
  53. ↑ https://www.dn.no/nyheter/2017/01/12/0802/Finans/ni-direktorer-ut-av-telenors-konsernledelse
  54. ↑ Editorial, Reuters. "Telenor chairwoman declines comment on report she asked CEO to resign". Reuters India. Retrieved 2016-12-08.
  55. ↑ http://e24.no/naeringsliv/telenor/monica-maeland-har-tillit-til-telenor-styrelederen/23868520
  56. ↑ http://www.vg.no/nyheter/meninger/telenor/begge-kan-gaa-med-i-dragsuget/a/23868389/
  57. 1 2 https://kapital.no/naeringsliv/2018/05/selgere-saksoker-telenor
  58. ↑ https://lovdata.no/NL/lov/1992-06-19-56/§25
  59. ↑ https://medium.com/@Sigve_telenor/taking-rules-of-engagement-global-dbee519853cd
  60. ↑ http://startuplab.no/rulesofengagement/
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.