Telenor

Telenor ASA (OSE: TEL; Norwegian pronunciation: [ˈtêːlənuːr] or [tɛləˈnuːr])[2] is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, but focused in Scandinavia and Asia. It has extensive broadband and TV distribution operations in four Nordic countries, and a 10-year-old research and business line for Machine-to-Machine technology. Telenor owns networks in 9 countries.[3]

For other uses, see Telenor (disambiguation).
Telenor ASA
State-owned Allmennaksjeselskap
Traded asOSE: TEL
ISINNO0010063308 
IndustryTelecommunications
Founded1855
HeadquartersFornebu, Norway
Key people
Sigve Brekke (President and CEO), Gunn Wærsted (Chair of the Board)
ProductsFixed line and mobile telephony, internet, digital television, IT services, IPTV
RevenueNOK 113.7 billion (2019)[1]
NOK 25.7 billion (2019)[1]
NOK 11.2 billion (2019)[1]
Total assetsNOK 248.9 billion (end 2019)[1]
Total equityNOK 43.3 billion (end 2019)[1]
OwnerGovernment of Norway (54%)
Number of employees
20,044 (end 2019)[1]
Websitetelenor.com

Telenor is listed on the Oslo Stock Exchange and had a market capitalization in November 2015 of kr 225 billion, making it the third largest company listed on the OSE after DNB and Equinor (previously known as Statoil).[4]

History
Telenor headquarters at Fornebu just west of Oslo, Norway. This is the western section containing group staffs and - as tenants - the offices of Huawei Norway.
Telenor headquarter eastern section, containing Telenor Broadcast and Telenor Norway.
CEO Sigve Brekke, who heads the Telenor Group since August, 2015.
Former CEO Fredrik Baksaaas (left) with Ericsson CEO Carl-Henrik Svanberg, 2008.
Old style Telenor Mobile SIM, with the former company logo.
Kjell Holler (right) was a Norwegian industrialist who headed Televerket, after having served as Minister of Industry of Norway.

Telegraph

Telenor started off in 1855 as a state-operated monopoly provider of telegraph services named Telegrafverket. The first Norwegian planning for a telegraph were launched within the Royal Norwegian Navy in 1848, but by 1852, the plans were public and the Parliament of Norway decided on a plan for constructing a telegraph system throughout the country. Televerket began by connecting Christiania (now Oslo) to Sweden (Norway was at that time in a union with Sweden) as well as Christiania and Drammen. By 1857 the telegraph had reached Bergen on the west coast via Sørlandet on the south coast, and by 1871 it had reached Kirkenes on the far north coast. Cable connections were opened to Denmark in 1867 and to Great Britain in 1869. The telegraph was most important for the merchant marine who now could use the electric telegraph to instantly communicate between different locations, and get a whole new advantage from better logistics.[5]

Telephone

The first telephone service in Norway was offered in 1878 between Arendal and Tvedestrand, while the first international telephone service between Christiania and Stockholm was offered in 1893. Automation of the telephone system was started in 1920 and completed in 1985. In 1946 the first Telex service was offered, and in 1976 satellite telephone connections to the Norwegian merchant navy, at the time the largest in the world and to oil platforms in the North Sea were made operational. This is the start of Inmarsat Satellite Communication, and formed the first steps to digitalise the telephone network in 1980 - 85.[6]

Televerket opened its first manual mobile telephone system in 1966, being replaced with the automatic NMT system in 1981 and the enhanced NMT-900 in 1986. Norway was the first country in to get an automatic mobile telephone system. The digital GSM system came into use in 1993. The third generation of mobile technology with UMTS system began full operation 2004.[7] The Opera web browser was created in 1994 by Jon Stephenson von Tetzchner and Geir Ivarsøy during their tenure at Telenor, and Opera Software was established in 1995 when they went on to continue development of their browser..Telenor and Huawei conducted a successful test of 5G with 70 Gbit/s Speeds in Lab environment.[8]

Deregulation and internationalisation

The corporation changed its name to Televerket in 1969. In 1994, then the Norwegian Telecom was established as a public corporation. The telecom sector in Norway, was deregulated in stages between 1994 and 1998. An attempt to merge Telenor with its counterpart in Sweden, Telia, failed in 1999, while both still were owned by their respective governments. On December 4, 2000 the company was partially privatised and listed on Oslo Stock Exchange and NASDAQ. The privatisation gave the company NOK 15,6 billion in new capital, with the Government of Norway owning 77.7% of the company. As of 2014, the Norwegian government holds 53.97% of the Telenor shares directly and another 4.66% through the Pension Fund.[9]

In the second half of the 1990s, Telenor began mobile operations in other countries: Russia (1994), Bangladesh, Greece, Ireland, Germany and Austria (1997), Ukraine (1998), Malaysia (1999), Denmark and Thailand (2000), Hungary (2002), Montenegro (2004), Pakistan (2004), Slovakia, Czech Republic, Serbia (2006), Myanmar (2014). Operations in Greece, Ireland and Germany were sold in 1999/2000 and profits were re-invested in emerging markets. In October 2005 Telenor acquired Vodafone Sweden, changing the name to Telenor in April 2006.

Grameenphone was the first Telenor venture in the Asian telecom market and is now the largest mobile operator in Bangladesh Telenor holds 55.8 per cent of Grameenphone. Grameenphone started trading its shares on the stock exchanges in Dhaka and Chittagong on November 16, 2009. The success of Grammeenphone lead to an increased focus on Asia, with successful entries into Malaysia, Thailand Pakistan, and Myanmar. Telenor also entered India, but had to withdraw from that market in 2017 with substantial losses.

In March 2018, Telenor sold its business in Southeast Europe (Bulgaria, Hungary, Montenegro and Serbia) to the PPF Group, for a sum of 2.8 billion euros in order to focus more on Asia and the Nordic market.[10]

In 2019 Telenor bought DNA, the third largest mobile operator in Finland.[11]

Operations

Telenor offers a full range of telecommunication services in the Nordic Countries, including mobile and fixed telephony, Internet access and as well as cable TV access and content. Telenor still remains the largest actor in Norway despite competition from Telia and others.

The group holds a prominent position in the Scandinavian Broadband and TV market, both with regard to the number of subscribers and to the extent of coverage. The TV distribution is branded Canal Digital. Telenor is also a prominent actor in Asia with operations in five different Asian countries.

At year-end 2019, Telenor held controlling interests in mobile operations in Norway, Denmark, Finland, Sweden, Thailand, Malaysia, Bangladesh, Myanmar and Pakistan.

Country Operator Native name Website Ownership stake 2019 revenue (million NOK)
 NorwayTelenor NorwayTelenortelenor.no100%28 658
 DenmarkTelenor DenmarkTelenortelenor.dk100%4 871
 FinlandDNADNAdna.fi100%3 433
 SwedenTelenor SverigeTelenortelenor.se100%12 857
 BangladeshGrameenphoneগ্রামীণফোনgrameenphone.com55.8%14 980
 MalaysiaDiGidigidigi.com.my49%13 572
 MyanmarTelenor Myanmarတယ်လီနောtelenor.com.mm100%5 759
 PakistanTelenor Pakistanٹیلی نارtelenor.com.pk100%6 033
 Thailanddtacดีแทคdtac.co.th42.61%22 994

Telenor Maritime Radio is responsible for the infrastructure for maritime radio communication in Norway, and also includes five manned coast radio stations whose primary purpose is to monitor the maritime radio traffic (over e.g. VHF and MF bands) and to assist marine vessels in distress.

Research

Telenor Research is Telenor's corporate unit for research. The unit conducts research and delivers research based advice on topics such as market, technology, data analytics, innovation and organization. Telenor Research provides research based analysis and strategic recommendations to the Telenor Group, as well as to the individual Business Units across Telenor markets. Telenor Research's mission is to create business value for Telenor through applied research.

Machine-to-machine

Telenor started exploring the M2M potentials in 2000, when Telenor R&D established a project both aimed at technology, services and business models. This was further spurred when Telenor acquired the Swedish mobile company Europolitan, which contained parts of Vodafone's research capabilities in the area. As a result, two separate companies have been established: Telenor Connexion in Stockholm, Sweden (aiming higher up in the M2M value chain), and Telenor Objects (aiming further down in the value chain). The initiative has resulted in a substantial market share of Europe's fast-growing M2M market and is being used by Nissan in Europe to connect its customers Electric Cars.[12]

Broadcast

Telenor's wholly owned subsidiary Canal Digital is a leading TV content distributor in the Nordic region with about 2.7 million customers in 2011.[13]

Telenor also operates the national terrestrial broadcast network in Norway, through its subsidiary Norkring.

Thor is a family of satellites owned by Telenor. On 11 February 2008 the THOR 5 satellite was launched into geostationary orbit. The launch was provided by International Launch Services using a Proton-M launch vehicle built by Khrunichev Space Center.[14] Telenor operates three satellites from its satellite control centre at Fornebu (THOR5, THOR6 & THOR7)

Former Operations

Telenor has sold a number of divisions after its privatisation, including Bravida,[15] the former installation division and Findexa, now part of Eniro that is responsible for telephone directories. The browser vendor Opera Software originated in Telenor's R&D department.[16] Telenor formerly provided a range of services related to satellite communication, including voice, television and data before its Telenor Satellite Services division was purchased by Vizada in 2007.

Telenor has also previously been active in a number of international markets as a mobile phone network operator:

Country Year of Entry Year of Exit
 Russia19942019
 Greece19971999
 Ireland19971999
 Germany19972000
 Austria19972007
 Ukraine19982019
 Slovakia19982005
 Czech Republic19982005
 Serbia20062018
 Hungary20022018
 Montenegro20042018
 Bulgaria20132018
 India20092017
gollark: Rednet doesn't do those.
gollark: <@151391317740486657> yes. All hail Sky n et.
gollark: Use skynet.
gollark: <@151391317740486657> why?
gollark: Asymmetric or symmetric?

See also

References
  1. "Annual Report 2019" (PDF). Telenor. Retrieved 14 May 2020.
  2. Kristoffersen, Gjert (2007), The Phonology of Norwegian, Oxford University Press, p. 20, ISBN 978-0-19-823765-5
  3. Global presence - Telenor website. Retrieved October 23, 2017.
  4. "Oslo Børs All Shares". Oslo Bors. Oslo Børs. Retrieved 9 December 2016.
  5. Pryser, Tore (1999) Norsk Historie 1814-1860, volume four of Norsk historie. Det Norske Samlaget, Oslo ISBN 82-521-5184-1
  6. "Archived copy". Archived from the original on 2006-08-23. Retrieved 2006-08-23.CS1 maint: archived copy as title (link)
  7. "Archived copy". Archived from the original on 2006-08-19. Retrieved 2006-08-27.CS1 maint: archived copy as title (link)
  8. "Telenor and Huawei Conduct Successful Test of 5G with 70 Gbps Speeds". Archived from the original on 3 April 2017. Retrieved 4 April 2017.
  9. "Archived copy". Archived from the original on 2015-09-12. Retrieved 2014-11-18.CS1 maint: archived copy as title (link)
  10. Dagenborg, Joachim; Knudsen, Camilla (21 March 2018). "Norway's Telenor exits central Europe with $3.4 billion asset sale to Czech investor PPF". reuters.com. Retrieved 21 March 2018.
  11. https://www.reuters.com/article/us-telenor-m-a-dna/telenor-buys-majority-stake-in-finlands-dna-for-17-billion-idUSKCN1RL0IV
  12. https://www.engadget.com/2010/12/20/european-nissan-leaf-gets-always-on-connection-lets-you-turn-up/
  13. Svensker vil kjøpe Canal Digital E24 Næringsliv. 1 September 2011. Retrieved 16 November 2013 (in Norwegian)
  14. "ILS Proton successfully launches THOR 5 satellite". ILS. Archived from the original on 2008-02-26.
  15. Triton says sells Sweden's Bravida to Bain Capital Reuters, 12 May 2012. Retrieved 15 November 2013
  16. Arild Færaas (26 May 2012) Amerikanske medier: Facebook vurderer å kjøpe opp Opera Aftenposten. Retrieved 16 November 2013 (in Norwegian)
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