Telenor Group sells Telenor Myanmar to M1 Group
(Fornebu, 8 July 2021) 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.
Telenor evaluates options in Myanmar
On May 4, Telenor Group announced an impairment of Telenor Myanmar due to the worsening economic and business environment outlook and a deteriorating security and human rights situation, with limited prospects of improvement. Telenor Group underlined at the time that the operations in Myanmar continued and that the future presence would depend on the developments […]
Telenor Research and Telenor Digital win GLOMO Awards for cutting-edge 5G solution and digital distribution platform
(Fornebu, 2 July) Telenor’s research arm, including partners, and Telenor Digital bag “Best Network Software Breakthrough” and “Best Mobile Operator Service for Connected Consumer” prize, respectively, at the Global Mobile (GLOMO) Awards at MWC Barcelona 2021.
Bjørn Ivar Moen appointed CEO of Telenor Sweden
(Fornebu, 1. July) The current CEO of Allente to head Telenor’s Swedish business from 1 October.
Marvin Halleraker awarded Telenor Culture Prize 2021
(Fornebu, 22 June 2021) The accurate, creative, and influential editorial cartoonist is honoured with the distinguished culture award for his inventive and satirical works spanning over three decades.
Axiata, Telenor and Digi Sign Transaction Agreements for the Proposed Merger of Celcom and Digi
(Oslo/Kuala Lumpur, 21 June 2021) Axiata Group Berhad (“Axiata”), Telenor Asia Pte Ltd (“Telenor”) and Digi.Com Berhad (“Digi”) (together “Parties”) announced that they have successfully concluded the due-diligence exercise and signed the Transaction Agreements for the proposed merger of Celcom Axiata Berhad (“Celcom”) and Digi (together “MergeCo”).
Mobility data can help prepare Thailand for next dengue outbreak
Telenor Group collaborated with Harvard T.H. Chan School of Public Health, Mahidol-Oxford Research Unit (MORU) and dtac, its operator in Thailand, to explore the relationship between human movement and the spread of dengue fever.
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.
Calling for a return to full mobile internet in Myanmar
(21 May 2021) Telenor has signed a joint statement by the Global Network Initiative and the Myanmar Centre for Responsible Business, calling for an end to the more than two months of mobile Internet disruptions and Internet restrictions in Myanmar.
The Nordic CEOs for a Sustainable Future, the Norwegian Finance Ministry, and the Oslo Stock Exchange declare support for the TCFD recommendations
(May 21 2021) The joint stance behind the Task Force on Climate-related Financial Disclosures (TCFD) comes as the Nordic CEOs for a Sustainable Future release a guide to help other Nordic companies begin the process of implementing the TCFD recommendations.