Press Releases

Svein Aaser elected new Chairman of the Board of Telenor ASA

The Corporate Assembly of Telenor ASA has on 16 May 2012 elected Svein Aaser as Chairman of the Board of Directors, succeeding Harald Norvik.

Nomination of new Chairman of the Board and new Chairman of the Corporate Assembly in Telenor ASA

The Nomination Committee in Telenor ASA proposes that Mr. Svein Aaser should be elected as Chairman of the Board in Telenor, succeeding Harald Norvik. The Nomination Committee also proposes that Mr. Anders Skjævestad succeeds Mr. Jan Erik Korssjøen as Chairman of the Corporate Assembly and thus Chairman of the Nomination Committee.

Kjell-Morten Johnsen Appointed Executive Vice President and Head of Telenor’s European Operations

Kjell-Morten Johnsen was on Friday 11 May appointed Executive Vice President (EVP) and member of the Telenor Group Executive Management. Johnsen comes from the position of Managing Director of Telenor Serbia and will take on the responsibility as Head of Telenor’s European operations.

First quarter 2012: Maintaining growth momentum

In the first quarter of 2012, Telenor Group reported revenues of NOK 25.1 billion, representing an organic revenue growth of 8%. EBITDA before other items was NOK 7.7 billion, EBITDA margin was 30.8%, and operating cash flow was NOK 5.3 billion. Telenor’s consolidated mobile operations added more than five million subscriptions during the quarter.

Presentation of Telenor’s first quarter results 2012

Telenor will present its financial results for the first quarter 2012 on Tuesday 8 May 2012 at 09:00 hrs Norwegian time/CET. The presentation, which will also be broadcast live over the Internet, will be held in Auditorium Voice, Telenor Expo Visitor Centre at Fornebu near Oslo. The figures will be published on Telenor's website at 07:00 CET.

The Chairman of the Corporate Assembly of Telenor ASA resigns

Mr. Jan Erik Korssjøen, the Chairman of the Corporate Assembly of Telenor ASA, today informed that he will resign following the Annual General Meeting of Telenor on 16 May 2012. Korssjøen will also resign from his duty as Chairman of the Nomination Committee.

The Chairman of the Board of Telenor ASA resigns

Harald Norvik, the Chairman of the Board of Directors of Telenor ASA, today informed the Board that he will resign. “The Minister of Trade and Industry, Mr. Trond Giske, representing the majority shareholder in Telenor ASA, today expressed a lack of confidence in the Chairman of Telenor, following the handling of the TV2 issue in [...]

Write-down of remaining book values in India

During the first quarter 2012, Uninor’s operational performance in India has developed according to plan. Following the Supreme Court’s ruling in February to cancel Uninor’s licenses and the recent recommendation from the Telecom Regulatory Authority of India (TRAI) regarding the 2G license re-auction, the uncertainty has increased significantly. If the recommendation from TRAI in its [...]

mHealth has the potential to change the face of healthcare: A new Telenor and BCG study finds out how

The Boston Consulting Group (BCG), in cooperation with Telenor Group, has now released the complete report on the “Socio-Economic Impact of Mobile Health”. The report explores the potential impact of mHealth solutions, such as how Norway can save € 1.5 billion each year with remote monitoring solutions for the elderly and how Thailand can cure 40,000 cases of tuberculosis through SMS treatment compliance.

Russian Federal Antimonopoly Service Files Claim against Telenor in Russia

Telenor has learned the Federal Antimonopoly Service of the Russian Federation (FAS) filed a claim in the Moscow Arbitrazh Court, the principal commercial court in Moscow, against Telenor East Holding II AS and Weather Investments II S.à.r.l. The companies OJSC VimpelCom, OOO Altimo, VimpelCom Ltd., VimpelCom Holdings B.V. and Altimo Cooperatief U.A. are named in the claim as interested third parties. Telenor has not yet been formally notified of the Claim by the FAS or the Court.

Telenor increases its stake in VimpelCom Ltd.

Telenor terminated its cash-settled total return swap (TRS) in respect of VimpelCom Ltd. shares that it had entered into with J.P. Morgan Securities Ltd. on 22 July 2011 and amended on 7 October 2011. Following such termination, Telenor purchased depositary receipts representing 65,000,000 VimpelCom common shares from J.P. Morgan Securities Ltd. for a purchase price of USD 715,000,000, thereby increasing Telenor’s economic and voting interests in VimpelCom Ltd. to 35.66% and 39.51%, respectively.

60 million Telenor customers. Three countries. One common billing platform.

The success of a global telecom operator depends on two factors: its ability to adapt to customer needs and the ability to leverage on its scale. Telenor Group is among the first in the industry to introduce a unique cross-border billing platform initiative, built around both objectives. Three business units in Telenor Group, with a combined total of 60 million customers, will deploy a common solution for billing and charging. The result is, simply put, increased competitive advantage.

New study: The world is ready for mobile healthcare

Based on the explosive growth in global mobile phone penetration, a technology revolution is quickly gaining pace in healthcare. Around the world, healthcare systems are overburdened, costly and incapable of meeting the needs of a growing population. According to a new study from The Boston Consulting Group and Telenor Group, mobile health technology can offer sizeable benefits to all countries, lead to economic growth and promise a better life for individuals.

Telenor makes Wikipedia available to 135 million customers in Asia and Europe

Telenor Group and the Wikimedia Foundation today announced a new partnership to offer Wikipedia free of traffic charges on mobile devices to Telenor customers in Asia and Southeastern Europe. By making versions of Wikipedia available to 135 million mobile customers, Telenor Group and the Wikimedia Foundation demonstrate a shared commitment to increasing access to the free and open knowledge available on Wikipedia.

Telenor acquires 234,000,000 VimpelCom preferred shares from Weather Investments II and withdraws arbitration claim

- Telenor has purchased 234,000,000 VimpelCom preferred shares from Weather Investments II S.a.r.l. ("Weather"), for US$374,400,000, thereby increasing Telenor's voting share in VimpelCom Ltd. to 36.36 %, subject to adjustment arising under certain put and call arrangements. Weather is the investment vehicle through which Mr. Naguib Sawiris and his family hold their interests in VimpelCom Ltd. ("VimpelCom").

Telenor Group seeks indemnities from Unitech Limited as it gets ready for a new future in India

Telenor Group today issued a notice to its Indian strategic partner Unitech Limited, that it will seek indemnity and compensation following the cancellation of Uninor's 22 licenses by the Supreme Court of India.

Fourth quarter 2011: Completing a year of strong growth

In the fourth quarter of 2011, Telenor Group reported revenues of NOK 25.4 billion, representing an organic revenue growth of 7%. EBITDA before other items was NOK 7.4 billion, EBITDA margin was 29 per cent, and operating cash flow was NOK 3.8 billion. For the full year of 2011, Telenor's revenue were NOK 98.5 billion, EBITDA before other items was NOK 30.5 billion, EBITDA margin was 31% and operating cash flow was 19.1 billion.

Indian Supreme Court cancelling 2G licences

2 February 2012 the Indian Supreme Court delivered its judgment on a public interest petition seeking cancellation of 122 cellular phone licences granted by the Government of India in 2008, including 22 licences to Uninor.

Press conference Friday 13 January at 13:00 regarding the sale of TV2

Press conference Friday 13 January at 13:00 regarding the sale of TV2

Presentation of Telenor’s fourth quarter results 2011

Telenor will present its financial results for the fourth quarter 2011 on Wednesday 8 February 2012 at 09:00 hrs Norwegian time/CET. The presentation, which will also be broadcast live over the Internet, will be held in Auditorium A, Telenor Expo Visitor Centre at Fornebu near Oslo. The figures will be published on Telenor's website at 07:00 CET.