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C.P. Group and Telenor Group support True and dtac in exploring the creation of a new telecom-tech company

(Oslo/Bangkok, 22.11.2021) C.P. Group and Telenor Group announced today that they have agreed to explore the creation of a new telecom-tech company comprising of True and dtac. The new company will be

OECD accepts Burmese CSO complaint over sale to Mikati-owned M1 group

The OECD accepted to hear the complaint, which alleges Telenor has failed to asses the human-rights risk of its pullout from Myanmar.

Telenor: Jussi Tolvanen becomes new CEO of DNA

Burmese CSOs launch OECD complaint against Telenor for sale to Lebanon's M1 Group

Investegate |Telenor Announcements | Telenor: Telenor Group sells Telenor Myanmar to M1 Group

Telenor Group sells Telenor Myanmar to M1 Group Telenor Group has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD (approximately 900 million NOK), of which 55 million USD (approximately 470 million NOK) is a deferred payment over five years. The transaction corresponds to an implied enterprise value of approximately 600 million USD (approximately 5.2 billion NOK). M1 Group will acquire all the shares in Telenor Myanmar and continue the current operation.  On 4 May, Telenor Group announced an impairment of Telenor Myanmar. Telenor underlined at the time that the operations in Myanmar continued, and that the future presence would depend on the developments in the country and the ability to contribute positively to the people of Myanmar. Further deterioration of the situation and recent developments in Myanmar form the basis for the decision to divest the company. In the present s

Telenor Group sells Telenor Myanmar to M1 Group

Telenor Group sells Telenor Myanmar to M1 Group Telenor Group has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD (approximately 900 million NOK), of which 55 million USD (approximately 470 million NOK) is a deferred payment over five years. The transaction corresponds to an implied enterprise value of approximately 600 million USD (approximately 5.2 billion NOK). M1 Group will acquire all the shares in Telenor Myanmar and continue the current operation. On 4 May, Telenor Group announced an impairment of Telenor Myanmar.?Telenor underlined at the time that the operations in Myanmar continued, and that the future presence would depend on the developments in the country and the ability to contribute positively to the people of Myanmar. Further deterioration of the situation and recent developments in Myanmar form the basis for the decision to divest the company. In the present situation it has

Bjørn Ivar Moen appointed CEO of Telenor Sweden

Kaaren Hilsen to head Telenor's new tower company

(Fornebu, 1 June) Kaaren Hilsen, current CEO of Telenor Sweden, is appointed CEO of Telenor Tower Holding AS from 1 September 2021. Hilsen will become the first CEO of Telenor Group's newly

Telenor and Axiata in advanced discussions to merge Malaysian operations

Telenor and Axiata in advanced discussions to merge Malaysian operations (8 April 2021) Telenor Group and Axiata Group Berhad ( Axiata ) are in advanced discussions regarding a potential merger of its Malaysian mobile operations Digi and Celcom, in which the parties will have an equal ownership of 33.1 percent each. The new company will be a leading provider of telecommunication services in the country, with competence and scale to meet increasing expectations and demand from a digitally connected society. The parties aim to create a leading telecommunication service provider in Malaysia with the capabilities to drive research and innovation and facilitate a platform for accelerated digital growth in the local ecosystem. A progressive digital economy is important to Malaysia s future economic resilience and competitiveness, and the merged company will be well positioned for delivering industry innovation, high-quality connectivity and a diversified value proposition to the customer

Jukka Leinonen to head Telenor Group's Nordic Cluster full-time

Jukka Leinonen to head Telenor Group s Nordic Cluster full-time (Fornebu, 17 March 2021) Jukka Leinonen, the CEO of Telenor s Finnish company DNA, is appointed Head of Telenor Group s Nordic Cluster full-time from autumn 2021. He continues as Executive Vice President and a member of Telenor Group s Executive Management, reporting to Sigve Brekke, the President & CEO of Taelenor Group.? Leinonen, who currently holds the role as Head of the Telenor Group s Nordic Cluster part-time, will continue in his roles as chair of Telenor Sweden, Telenor Denmark, and Telenor Connexion. The search for a new CEO of DNA starts immediately. Once the new CEO of DNA commences, Leinonen will take on the position as chair of DNA.