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Telenor

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For other uses, seeTelenor (disambiguation).
Telenor ASA
Company typePublic company
State-owned
OSE:TEL
IndustryTelecommunications
Founded1855;169 years ago(1855)
HeadquartersFornebu,Norway
Key people
Sigve Brekke(President andCEO),Jens Petter Olsen(Chair of the Board)
ProductsFixed lineandmobile telephony,internet,digital television,IT services,IPTVTelegraphy
RevenueDecrease80.5 billionkr(2023)[1]
Decrease21.5 billionkr(2021)[1]
Decrease4.6 billionkr(2021)[1]
Total assetsDecrease225.7 billionkr(2021)[1]
Total equityDecrease26.3 billionkr(2021)[1]
OwnerGovernment of Norway(54%)
Number of employees
11,000 (2023)[1]
SubsidiariesseeSubsidiaries
Websitehttps:// telenor

Telenor ASA(Norwegian pronunciation:[ˈtêːlənuːr]or[tɛləˈnuːr])[2]is aNorwegianmajoritystate-ownedmultinationaltelecommunicationscompany headquartered atFornebuinBærum,close toOslo.It is one of theworld's largest mobile telecommunications companieswith operationsworldwide,but focused inScandinaviaandAsia.It has extensive broadband and TV distribution operations in fourNordic countries,and a 10-year-old research and business line formachine-to-machinetechnology. Telenor owns networks in 8 countries.[3]

Telenor is listed on theOslo Stock Exchangeand had a market capitalization in November 2015 ofkr225 billion, making it the third largest company listed on the OSE afterDNBandEquinor(previously known as Statoil).[4]

History

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Telenor headquarters atFornebujust 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.
CEOSigve Brekke,head of the Telenor Group since August 2015
Former CEO Fredrik Baksaaas (left) with Ericsson CEO Carl-Henrik Svanberg, 2008.
Old styleTelenor MobileSIM,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

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Telenor started off in 1855, as a state-operatedmonopolyprovider oftelegraphservices namedTelegrafverket.The first Norwegian planning for a telegraph were launched within theRoyal Norwegian Navyin 1848, but by 1852, the plans were public and theParliament of Norwaydecided on a plan for constructing a telegraph system throughout the country. Televerket began by connectingChristiania(now Oslo) toSweden(Norway was at that time in aunion with Sweden) as well as Christiania andDrammen.By 1857, the telegraph had reachedBergenon the west coast viaSørlandeton the south coast, and by 1871, it had reachedKirkeneson the far north coast. Cable connections were opened toDenmarkin 1867 and toGreat Britainin 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 betterlogistics.[5]

Telephone

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old logo

The first telephone service in Norway was offered in 1878, betweenArendalandTvedestrand,while the first international telephone service between Christiania andStockholmwas offered in 1893. Automation of the telephone system was started in 1920, and completed in 1985. In 1946, the firstTelex servicewas offered, and in 1976,satellitetelephone connections to the Norwegian merchant navy, at the time the largest in the world and tooil platformsin theNorth Seawere made operational. This is the start ofInmarsatSatellite Communication, and formed the first steps todigitalisethe telephone network in 1980–1985.[6]

Televerket opened its firstmanual mobile telephone systemin 1966, being replaced with the automaticNMT systemin 1981, and the enhanced NMT-900 in 1986. Norway was the first country in to get an automatic mobile telephone system. ThedigitalGSM systemcame into use in 1993. Thethird generation of mobile technologywithUMTS systembegan full operation 2004.[7]TheOperaweb browserwas created in 1994 byJon Stephenson von TetzchnerandGeir Ivarsøyduring their tenure at Telenor, andOpera Softwarewas established in 1995, when they went on to continue development of their browser.[8]Telenor and Huawei conducted a successful test of 5G with 70 Gbit/s Speeds in Lab environment.[9]

Deregulation and internationalisation

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The corporation changed its name toTeleverketin 1969. In 1994, then the Norwegian Telecom was established as apublic corporation.The telecom sector in Norway, was deregulated in stages between 1994 and 1998. An attempt to merge Telenor with its counterpart inSweden,Telia,failed in 1999, while both still were owned by their respective governments. On 4 December 2000, the company was partiallyprivatisedand listed onOslo Stock ExchangeandNASDAQ.[10]The privatisation gave the company 15.6 billionkrin newcapital,with theGovernment of Norwayowning 77.7 percent of the company. As of 2014, the Norwegian government holds 53.97 percent of the Telenor shares directly and another 4.66 percent through thePension Fund.[11]

In the second half of the 1990s, Telenor began mobile operations in other countries:Russia(1994),Bangladesh,Greece,Ireland,GermanyandAustria(1997),Ukraine(1998),Malaysia(1999),DenmarkandThailand(2000),Hungary(2002),Montenegro(2004),Pakistan(2004),Slovakia,Czech Republic,Serbia(2006),Myanmar(2014). Operations in Greece,Irelandand Germany were sold in 1999/2000, and profits were re-invested in emerging markets. In October 2005, Telenor acquiredVodafoneSweden, changing the name to Telenor in April 2006.

Grameenphonewas the first Telenor venture in the Asian telecom market and is now the largest mobile operator inBangladesh,Telenor holds 55.8 per cent of the company. Grameenphone started trading its shares on the stock exchanges inDhakaand Chittagong on 16 November 2009. The success of Grammeenphone lead to an increased focus on Asia, with successful entries intoMalaysia,ThailandPakistan,andMyanmar.Telenor also enteredIndia,but had to withdraw from that market in 2017, with substantial losses.

In March 2018, Telenor sold its business in Southeast Europe (Bulgaria,Hungary,MontenegroandSerbia) to thePPF Group,for a sum of 2.8 billion euros in order to focus more on Asia and the Nordic market.[12]

In 2019, Telenor boughtDNA,the third largest mobile operator inFinland.[13]

On 21 June 2021,Axiata,Telenor andDigiagree to a potential merger ofCelcomand Digi to create a stronger telco in Malaysia, which if approved will be completed by the end of 2022. This come after advanced discussions two months earlier.[14][15][16]The deal was approved by both Celcom and Digi shareholders on 18 November 2022. The merged company is named CelcomDigi. At completion, Axiata and Telenor will hold equal ownership of 33.1 percent each in the newly merged company. The merger was completed on 30 November 2022 and the company began its operation the next day.[17][18][19][20][21][22]

On 22 November 2021, Telenor andCharoen Pokphand Group,officially announced they have agreed to explore a USD 8.6 billion merger plan between Thailand’s second and third largest telecom operators (by subscribers), True Corporation (TRUE) andTotal Access Communication(DTAC) – the proposed merger is subject to regulatory approvals.[23]The merger was "acknowledged" by the regulator NBTC at a meeting on October 20, 2022.[24]The newly merged company still retain the True Corporation name, which was founded on 1 March 2023 and it was listed on theStock Exchange of Thailandunder the stock ticker symbol TRUE on 3 March 2023.[25]

Operations

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Telenor offers a full range of telecommunication services in the Nordic countries, including mobile and fixed telephony, Internet access and as well as cable TV access and content. Telenor still remains the largest actor in Norway despite competition fromTeliaand others.

The group holds a prominent position in theScandinavianBroadband and TV market, both with regard to the number of subscribers and to the extent of coverage. The TV distribution is brandedAllente.Telenor is also a prominent actor in Asia with operations in five different Asian countries.

At year-end 2021, Telenor held controlling interests in mobile operations inNorway,Denmark,Finland,Sweden,Thailand,Malaysia,Bangladesh,MyanmarandPakistan.The Myanmar operation was announced sold in 2021, and the transaction completed in March 2022.

Country Operator Native name Ownership stake 2019 revenue (million NOK)
Norway Telenor Norway Telenor 100 percent 28 658
Denmark Telenor Denmark Telenor 100 percent 4 871
Finland DNA DNA 100 percent 3 433
Sweden Telenor Sverige Telenor 100 percent 12 857
Bangladesh Grameenphone গ্রামীণফোন 55.8 percent 14 980
Malaysia CelcomDigi celcomdigi 33.1 percent 13 572
Pakistan Telenor Pakistan ٹیلی نار پاکستان 100 percent 6 033
Thailand True Corporation ทรู คอร์ปอเรชั่น 30 percent 22 994

Telenor Kystradiois responsible for the infrastructure for maritime radio communication in Norway, and also includes five staffed coast radio stations whose primary purpose is to monitor the maritime radio traffic (over e.g.VHFandMFbands) and to assist marine vessels in distress.[citation needed]

Research

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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

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Telenor started exploring theM2Mpotentials 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 ofVodafone's research capabilities in the area. As a result, two separate companies have been established: Telenor Connexion inStockholm, Sweden[26](aiming higher up in the M2M value chain), andTelenor 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 byNissaninEuropeto connect its customers'Electric Cars.[27]

Broadcast

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Telenor's wholly owned subsidiaryCanal Digitalis a leading TV content distributor in the Nordic region with about 2.7 million customers in 2011.[28]On 13 April 2021, the merger of Canal Digital andViasatinAllentewas completed.

Telenor also operates the national terrestrial broadcast network inNorway,through its subsidiaryNorkring.

Thoris a family of satellites owned by Telenor. On 11 February 2008, the THOR 5 satellite was launched into geostationary orbit. The launch was provided byInternational Launch Servicesusing aProton-Mlaunch vehiclebuilt byKhrunichev Space Center.[29]Telenor operates three satellites from its satellite control centre at Fornebu (THOR5, THOR6 & THOR7)[citation needed]

Former operations

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Telenor has sold a number of divisions after its privatisation, including Bravida,[30]the former installation division andFindexa,now part ofEnirothat is responsible fortelephone directories.The browser vendorOpera Softwareoriginated in Telenor's R&D department.[31]Telenor formerly provided a range of services related to satellite communication, includingvoice,televisionanddatabefore its Telenor Satellite Services division was purchased byVizadain 2007.

Telenor has also previously been active in a number of international markets as a mobile phone network operator:

Country Year of entry Year of exit
Greece 1997 2019
Ireland 1997 1999
Germany 1997 2020
Slovakia 1998 2005
Czech Republic 1998 2005
Austria 1997 2007
India 2009 2018
Serbia 2006 2017
Montenegro 2004 (when part of
Serbia and Montenegro)		 2008
Bulgaria 2013 2017
Hungary 2002 2017
Russia 1994 2022
Ukraine 1998 2019
Myanmar 2014 2021

See also

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References

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  1. ^abcdef"Annual Report 2021"(PDF).Telenor. pp. 3, 74, 76.Retrieved14 May2022.
  2. ^Kristoffersen, Gjert(2000).The Phonology of Norwegian.Oxford University Press.p. 20.ISBN978-0-19-823765-5.
  3. ^Global presence- Telenor website. Retrieved October 23, 2017.
  4. ^"Oslo Børs All Shares".Oslo Bors.Oslo Børs.Retrieved9 December2016.
  5. ^Pryser, Tore(1999)Norsk Historie 1814-1860,volume four ofNorsk historie.Det Norske Samlaget, OsloISBN82-521-5184-1
  6. ^"Telenor: Om Telenor > Virksomhet > Historie > Kronologi".Archived fromthe originalon 2006-08-23.Retrieved2006-08-23.
  7. ^"Telenor: Om Telenor > Virksomhet > Historie".Archived fromthe originalon 2006-08-19.Retrieved2006-08-27.
  8. ^Sengupta, Debjoy (9 December 2010)."Opera is the oldest browser, and it is still surviving: Jon Tetzchner, founder, Opera software".The Economic Times.
  9. ^"Telenor and Huawei Conduct Successful Test of 5G with 70 Gbps Speeds".20 November 2021.
  10. ^"Telenor: Telenor Satellite Services (TSS)".sky-brokers.
  11. ^"Telenor Group | Major Shareholdings".Archived fromthe originalon 2015-09-12.Retrieved2014-11-18.
  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.Retrieved21 March2018.
  13. ^"Telenor buys majority stake in Finland's DNA for $1.7 billion".Reuters.9 April 2019.Archivedfrom the original on 2022-01-11.
  14. ^"Axiata, Telenor and Digi Sign Transaction Agreements for the Proposed Merger of Celcom and Digi".Axiata.21 June 2021.Retrieved21 June2021.
  15. ^"Axiata and Telenor in Advanced Discussions to Merge Celcom and Digi".Axiata.8 April 2021.Retrieved21 June2021.
  16. ^"Axiata, Telenor, Digi sign agreements to merge Malaysian mobile ops".The Star.21 June 2021.Retrieved21 June2021.
  17. ^Axiata shareholders approve proposed Celcom-Digi merger
  18. ^Digi gets shareholders' green light for proposed merger with Celcom
  19. ^Axiata, Telenor complete Celcom-Digi merger
  20. ^Axiata, Telenor announce completion of Celcom-Digi merger
  21. ^Axiata and Telenor Announce the Successful Completion of the Celcom and Digi Merger
  22. ^Historic merger marks new chapter in Malaysia’s digitalisation journey: “We are in pole position.”
  23. ^"A deep dive into the TRUE/DTAC merger in Thailand".Yozzo.Retrieved2022-01-06.
  24. ^Thai telecoms regulator allows $7.3bn True-DTAC merger
  25. ^Merged True-DTAC to be called True Corp
  26. ^"IoT solutions 500+ networks 200+ countries".Telenor Connexion.Retrieved2021-10-24.
  27. ^"European Nissan Leaf gets always-on connection, lets you turn up the AC wirelessly".
  28. ^Svensker vil kjøpe Canal DigitalE24 Næringsliv.1 September 2011. Retrieved 16 November 2013(in Norwegian)
  29. ^"ILS Proton successfully launches THOR 5 satellite".ILS. Archived fromthe originalon 2008-02-26.
  30. ^Triton says sells Sweden's Bravida to Bain CapitalReuters,12 May 2012. Retrieved 15 November 2013
  31. ^Arild Færaas (26 May 2012)Amerikanske medier: Facebook vurderer å kjøpe opp OperaAftenposten. Retrieved 16 November 2013(in Norwegian)
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