Norwegian operator group Telenor has appointed Michael Patrick Foley as CEO for its Pakistan operation. Foley currently serves as chief commercial officer at the Canadian State Lottery and will assume the role on July 1st, 2014.
In news that will come as no great surprise, Nordic carrier group Tele2 on Monday agreed to sell its Norwegian business to TeliaSonera for an SEK5.1bn (€500m). It’s been known the company was mulling an exit from the market after failing to win any spectrum in an auction late last year.
Norway’s Ministry of Trade, Industry and Fisheries released a statement Thursday that said it will propose that the Norwegian Government reduces its stake in leading operator Telenor from 54 per cent to 34 per cent.
Norwegian operator group Telenor has seen its revenue in 1Q14 grow 7.2 per cent year on year to reach NOK26.5bn ($4.48bn), up from NOK24.7bn in 1Q13. The group’s adjusted operating profit also grew 11.9 per cent year on year from NOK4.99bn in 1Q13 to NOK5.58bn in 1Q14.
European operator group Tele2 has signed a national roaming agreement with Telenor Norway for 2G, 3G and 4G connectivity. The operator said in March that it was evaluating its strategic options in Norway after failing to win any spectrum in the country’s latest frequency auction.
Pakistan’s government has auctioned 3G and 4G spectrum licences, generating around $1.1bn as a result.
Operator group Telenor has called on infrastructure vendor Ericsson to provide network equipment and managed services for its network in Myanmar. The two firms have signed a five year contract which sees Ericsson implementing equipment in a multivendor environment as well as provide managed services for the network.
The director general of the GSMA, Anne Bouverot, has sent an open letter to EC Commissioner Neelie Kroes calling for policy reform that will encourage investment in Europe’s telecoms sector. Bouverot secured endorsements from the CEOs of ten European operators with a combined European mobile customer base of almost three quarters of a billion subscriptions, according to data from Informa’s World Cellular Investors service.
The Norwegian Post and Telecommunications Authority has announced the winners of its latest spectrum auction, and one of the three successful bidders is an unknown company whose identity has become the focus of much speculation. Challenger Tele2 came away empty-handed and must look to address the holes in its spectrum portfolio.
Chinese telecoms software provider AsiaInfo Linkage has announced a supply deal with Telenor Denmark, the vendor’s first European mobile operator win since its launch in the region last year. AsiaInfo described the project as a BSS transformation, which will include the provision of its proprietary billing, CRM and real-time analytics solutions, including its Veris BSS product.
Norwegian carrier Telenor has teamed up with DNB, the country’s largest bank, and identity management specialist Giesecke & Devrient (G&D) to introduce Norway’s first commercial NFC project.
Norwegian operator Telenor is moving to consolidate its position in the Swedish broadband and television services sector with the acquisition of Tele2 Sweden’s fiber and cable business for SEK775m ($121.4m). Tele2 has some 370,000 households connected with fiber and cable, including 125,000 fixed broadband customers, 75,000 digital TV customers and 220,000 cable TV customers.
Bangladeshi operator Grameenphone will launch its 3G network beginning of October, according to local news reports, after it spent $210m on 10MHz of spectrum in the country’s recent 3G auction.
Myanmar’s government has selected Norwegian operator group Telenor and Qatar’s Ooredoo (formerly Qtel) as the two successful applicants for its nationwide telecommunications licences.
Technology executives at some of Scandinavia’s biggest carriers told the audience at LTE World Summit today that, while technical hurdles are easy to overcome, more complex commercial issues mean a single mobile market without roaming borders is still some years away.
Hutchison Whampoa, which operates the 3 brand in Europe, has announced that it is to buy Telefónica’s Irish mobile operation O2 for €780m, with a further €70m payable if a number of agreed financial targets are hit. It is the second consolidatory move made by Hutchison in recent months, following the acquisition of Orange Austria, which was completed at the end of 2012.
Norway’s telecoms incumbent Telenor has committed itself to investing NOK 4bn (€500mn) in fibre-optic broadband services for businesses, citing the rise in enterprise demand for cloud and video services.
The chief executives of Telecom Italia, Telenor, Telefónica, America Movil and Deutsche Telekom were all on hand at a Mozilla press conference on Sunday evening in Barcelona to voice their enthusiasm for the Firefox browser developer’s new HTML5-based smartphone OS.
Norwegian operator group Telenor will cease operating in Mumbai, after being told by India’s Supreme Court to shut down its operations in the city. The operator’s Indian subsidiary, Uninor, will lose around 1.84 million customers as a result.
The Russian government has decided to withdraw legal claims against Norwegian operator group Telenor, signaling an end to the long-running dispute over the ownership of affiliate firm VimpelCom. The move allows the international operator, headquartered in Amsterdam but of Russian extraction, to distribute dividends to investors including Russian conglomerate Altimo.