Sony Pixel Power calrec Sony

Building Telenor for the future

20/09/2022

4 minute read

Share

(Fornebu, 20 September 2022) Today, at its Capital Markets Day, Telenor presents significant changes to ensure growth and reshape the company's role as an enabler for digitalisation and sustainability. The company will become a leading telecom operator and infrastructure player in the Nordics and take leading positions in security and IoT services. In Asia, Telenor will, together with partners, build scale and take number one positions in several markets.

The Telenor you see today is not the Telenor you will see in the future. We are taking a big step forward to ensure more value for our customers in an increasingly digital world in need of secure, stable, and sustainable solutions. We are building a smarter and more flexible Telenor - a company that creates value for customers, society, and shareholders, says Sigve Brekke, CEO of Telenor Group.

Connectivity - essential for a sustainable future The world has gone digital, and the adoption of technology and new digital services are accelerating at a record pace. Today, connectivity is the life blood of societies, and Telenors technology enables more sustainable solutions as well as smarter and more efficient use of resources. The vision of empowering societies is stronger than ever.

We are reshaping Telenor with focus on four business areas. We are building an organisation that is competitive, with focused investments, profitable growth, and new partnerships. This strategy will create optionality and increased opportunities for value creation says Tone Hegland Bachke, CFO of Telenor Group.

A new structureTelenor is increasing Nordic cooperation between the four companies in the region. With more and closer cooperation comes faster development and roll-out of services to customers, new synergies and more efficient use of internal resources. The companys infrastructure is established as a separate business area to develop Telenors assets. A newly established unit will develop and renew Telenors portfolio of companies that are near the core of Telenor's business.

The companies in Asia are now organised under Telenor Asia, focusing on building scale and profitable business, as well as managing risk more efficiently. The ambition is to become a leading operator in several markets, driving digitalisation and running new, innovative services for both businesses and consumers. Structural partnerships or an initial public offering are future options for Telenor Asia.

During the Capital Markets Day, Telenor's management is presenting more details on the increased independence for Telenor Nordics and Telenor Asia, the development of the assets in Telenor and the company's ESG ambitions.

The mid-term financial outlook for 2023-2025:

Low to mid-single digit growth in Nordic service revenues

Mid-single digit growth in Nordic EBITDA

Year on year growth in dividend per share

The energy price development the last couple of months makes it increasingly difficult to reach the guiding of flat EBITDA in 2022.

You can find more information about Capital Markets Day here.

Investor Relations:

ystein Myrvold, (+47) 992 30 460

H kon Hatlevik, (+47) 901 46 070

Media contact:

David Fidjeland, (+47) 934 67 224
LINK: https://www.telenor.com/media/newsroom/press-releases/building-telenor...
See more stories from telenor

More from Telenor Digital Services and Broadcast

23/05/2024

Benedicte Schilbred Fasmer is appointed new President & CEO in Telenor Group

7 minute read Share alt=Telenor Group's Board of Directors has appointed Benedicte Schilbred Fasmer as new President & CEO class=lazyload main main-l...

30/04/2024

Solid momentum into the year for Telenor

6 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Telenor showed good momentum...

15/04/2024

Change of CFO in Telenor Group

1 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Tone Hegland Bachke, Executi...

22/03/2024

Telenor releases its Annual report for 2023

1 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Our digital lives are becomi...

19/03/2024

Telenor, Hafslund and HitecVision announces 2.4 billion NOK investment in Oslo data center

5 minute read Share alt=Telenor, Hafslund and HitecVision announces 2.4 b...

14/03/2024

Breaking Boundaries: Cisco and Telenor Elevate Collaboration to Champion Inclusivity and Sustainability

8 minute read Share alt=Alternative descriptive text class=lazyload main ...

26/02/2024

Telenor Group Announces Collaboration with NVIDIA to Support its AI-First Ambition

6 minute read Share alt=Alternative descriptive text class=lazyload main ...

26/02/2024

Telenor R&I successfully conducts its first multi-vendor 5G SA deployment in a hybrid cloud environment

4 minute read Share alt=Alternative descriptive text class=lazyload main ...

07/02/2024

Solid year and fourth quarter for Telenor

8 minute read Share Presentation & report Webcast alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb...

06/02/2024

Telenor Breaks New Ground: Worlds Southernmost Base Station Established in Antarctica

5 minute read Share alt=Alternative descriptive text class=lazyload main ...

06/02/2024

Telenor bygger mobildekning i Antarktis

5 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> (Antarktis, 6. februar 2024)...

14/12/2023

Telenor concludes strategic review in Pakistan with sale of Telenor Pakistan to PTCL

3 minute read Share alt=Alternative descriptive text class=lazyload main ...

11/12/2023

Green digital transformation: Four takeaways for success

7 minute read Share Safeguard Safeguard Safeguarding planet, people and data in the digital world and beyond Safeguard means that Telenor constantly ...

30/11/2023

Telenor and Ericsson join forces to pioneer the usage of AI and Machine Learning Research for a Sustainable and Smarter Future

7 minute read Share In a step towards advancing the realm of artificial in...

20/11/2023

Telenor establishes new IoT company

5 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> In 2020, Telenor launched Mi...

16/11/2023

Telenor Group sells Telenor Satellite to Space Norway

4 minute read Share alt=Dag St lan (CEO Space Norway), Jan Christian Vestre (Norwegian Minister of Trade and Industry) and Dan Ouchterlony (EVP and Head ...

25/10/2023

Strong third quarter for Telenor

4 minute read Share Presentation & report Webcast alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb...

22/09/2023

Elle Sofe Sara awarded the Telenor Culture Prize 2023

7 minute read Share alt=Foto: TSFotoDesign/Tanja Skoglund class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Foto: TSFotoDesign/Tanj...

22/08/2023

Changes in Telenor Groups Leadership Team

6 minute read Share Telenor is implementing changes to the Group Leadership Team, as the company continues to execute on the strategic ambitions towards 2...

10/08/2023

Working Group Two to be acquired by Cisco

2 minute read Share -- Fornebu, 10 August 2023 - Telenor announces that all shares in software company Working Group Two will be acquired by the global...

20/07/2023

Operational execution in line with plan

3 minute read Share Presentation & report Webcast In the second quarter we continue to execute on the strategy we laid out last year, seeing firm ope...

10/07/2023

Telenor Amp Partners with Shapemaker to Enhance Industry Innovation, Efficiency, and Sustainability

5 minute read Share alt=Photo people class=lazyload main main-lazyloaded ...

03/07/2023

Telenor and Statkraft sign agreement for the supply of renewable energy for Telenor's Finnish subsidiary DNA

4 minute read Share alt=Alternative descriptive text class=lazyload main ...

26/06/2023

Cutting emissions - and inviting our suppliers to join us

15 minute read Share As part of our commitment to reduce our carbon emissions, we have a responsibility to also examine our value chains. At Telenor, we a...

19/06/2023

Telenor and Hafslund are building Norways most secure and energy-efficient commercial centres for national data storage

6 minute read Share (Oslo, 19 June 2023) The criteria for security and sus...

05/06/2023

Thomas Midteide is appointed SVP Group Communications in Telenor.

3 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Thomas Midteide is appointed...

31/05/2023

Telenor purchases green energy from a brand-new solar park in Denmark

7 minute read Share In Kolding and Vejle Municipality, near the villages of Viuf and H strup, Better Energys brand-new solar park is on the way as the two...

23/05/2023

Telenor publishes learning outcomes from Myanmar engagement

3 minute read Share Telenor has completed its internal learning process after the exit from Myanmar, yielding valuable lessons on responsible disengagemen...

10/05/2023

Election of members to the Board of Directors of Telenor ASA

5 minute read Share The Corporate Assembly for Telenor ASA has in its meeting on 10 May 2023 elected Jens Petter Olsen as Chair of the Board of Directors,...

04/05/2023

Telenor's Q1 results: Solid strategy execution

5 minute read Share Presentation & report Webcast Today, Telenor reports its results for the first quarter of 2023. I'm pleased to see that we ...

28/04/2023

Telenor Asia in action: Aiming for Zero

5 minute read Share Everyone should be able to perform their jobs safely. Telenor Asia's Head of Health, Safety and People Security shares how he tack...

11/04/2023

Frank Maa appointed new Head of Capital Markets and Investor Relations at Telenor Group

1 minute read Share Frank Maa has been appointed Senior Vice President Ca...

28/03/2023

Annual Report 2022

2 minute read Share Annual Report 2022 Telenor's Annual Report for 2022 covers financial statements, sustainability reporting, an overview of 20...

08/03/2023

Telenor Asia in action: Three strong women leaders paving the path in Asia

7 minute read Share Three women who are working on some of the most important priorities for Telenor Asia tell us how they have stepped into leadership ro...

08/03/2023

Three strong women leaders paving the path in Asia

7 minute read Share Three women who are working on some of the most important priorities for Telenor Asia tell us how they have stepped into leadership ro...

08/03/2023

Joining hands to create safe digital spaces for girls and young people

7 minute read Share Empowering Societies Digital skills Include Inclusion Grameenphone Grameenphone and Plan International Bangladesh join hands...

07/03/2023

Telenor Asia seeks to strengthen market position after completing two mega telco mergers (The Business Times)

9 minute read Share Writer: Mindy Tan View original article on The Busine...

01/03/2023

Unveiling Thailand's new telecom-tech champion

11 minute read Share dtac Telenor Asia When Telenor made its foray into Thailand in 2003 through its investment in dtac, the company's vision was ...

01/03/2023

Telenor completes the amalgamation of dtac and True in Thailand

5 minute read Share Today, Telenor Asia announces the completion of the amalgamation of the telco operations of True and dtac in Thailand. The transaction...

14/02/2023

Telenor Asia: Our Year in Review - 2022

7 minute read Share Download the full Year in Review - 2022 Message from Head of Telenor Asia, J rgen C. Arentz Rostrup: 2022 marked a significant turn...

02/02/2023

Executing on the strategy

7 minute read Share The quarter represents significant progress on our new strategic roadmap towards 2025. Mobile service revenues in Telenor Nordics inc...

01/02/2023

Sale of 30% of the Norwegian Fibre business completed

2 minute read Share (Fornebu, 1 February 2023) Telenor today closes the transaction to divest 30 percent of newly established Telenor Fiber AS, in Norway ...

30/01/2023

Telenor Asia Digital Lives Decoded (Play)

9 minute read Share Download full report PDF Survey Findings (Infographics) PDF Read the press release From virtual worlds to real-life communitie...

12/01/2023

Dtac and True are moving into the final phase of the merger

3 minute read Share Dtac and True have today held separate board meetings regarding the ongoing merger process between the companies. The boards of direct...

23/12/2022

Arus Academy co-founder Alina Amir shares her top tips on growing fast and well

5 minute read Share What can time spent with schoolchildren teach entrepreneurs? A lot, it turns out. Alina Amir co-founded Malaysia's fast-rising Aru...

21/12/2022

Fear "Cyber Grinches" this Christmas? You are not alone, new security survey finds

8 minute read Share People feel less safe about online shopping, but lucki...

16/12/2022

Digital security is a significant concern in the Nordics

6 minute read Share A recent survey Telenor conducted in the Nordics has shown that digital security is a significant concern for individuals across the r...

30/11/2022

Axiata and Telenor Announce the Successful Completion of the Celcom and Digi Merger

9 minute read Share New Company Well-Placed to Serve the Nation and Consum...